Switzerland at risk of EU blacklist after Credit Suisse leak

[nitpicker]

https://www.theguardian.com/news/2022/feb/21/switzerland-at-risk-of-eu-blacklist-after-credit-suisse-leak

Switzerland at risk of EU blacklist after Credit Suisse leak

Kalyeena Makortoff and David Pegg
Mon 21 Feb 2022 14.58 GMT

The fallout from a huge leak of Credit Suisse banking data threatened to damage Switzerland’s entire financial sector on Monday after the European parliament’s main political grouping raised the prospect of adding the country to a money-laundering blacklist.

The European People’s party (EPP), the largest political grouping of the European parliament, called for the EU to review its relationship with Switzerland and consider whether it should be added to its list of countries associated with a high risk of financial crime.

Experts said that such a move would be a disaster for Switzerland’s financial sector, which would face the kind of enhanced due diligence applied to transactions linked to rogue nations including Iran, Myanmar, Syria and North Korea.
(snip)

[RainCaster]

1. Yes!

This will take time, but I hope that the changes will be made.