Switzerland to clean up its dirty money? I’ll believe that when I see it

The Swiss finance minister announced a clampdown on money laundering and other nefarious financial behaviour, writes Chris Blackhurst. Which is remarkable – because they’re so good at it

Karin Keller-Sutter, the Swiss finance minister, said that ‘Money laundering harms the economy and jeopardises confidence in the financial system’ (Getty)

Well, well, that’s a turn-up. “Swiss unveil dirty money clampdown to repair image” was the splash headline.

Apparently, the small, mountainous country is paving the way to oblige the “ultimate beneficial owners” of trusts and companies to reveal themselves.

“A robust system to protect against financial crime is essential to the reputation and lasting success of an internationally significant, secure and forward-looking financial centre,” said Karin Keller-Sutter, the Swiss finance minister.