Helsinki Commission Accuses Switzerland of Hiding Russian Assets

 The Commission for Security and Cooperation in Europe, also known as the Helsinki Commission, accused Switzerland of helping Russians hide their assets.

“A recent Organized Crime and Corruption Reporting Project investigation found that Credit Suisse catered to dozens of criminals, dictators, intelligence officials, sanctioned parties, and political actors, and identified problematic accounts holding more than $8 billion in assets.” said the Helsinki Commission in a statement

Swiss anti-corruption expert Mark Pieth, Miranda Patrucic, deputy editor in chief at the Organized Crime and Corruption Reporting Project, and Bill Browder, a financier, testified before the Commission on Thursday. 

Browder claimed that Swiss prosecutors intentionally mishandled a Russian money laundering investigation that involved the death of a Russian lawyer, Sergei Magnitsky.

“In Switzerland, only in March 2021 Parliament has refused to subject these enablers to AML legislation, under pressure by industry lobbyists. Of course, if we have clear proof of sanctions busting and money laundering Swiss authorities could intervene – but as Bill Browder’s example has shockingly demonstrated, law enforcement may be incompetent and sometimes partisan,” said Pieth regarding Bowder’s claims.

“Switzerland is a leading enabler of Russian dictator Vladimir Putin and his cronies.” said the Helsinki Commission.

Swiss government spokesman André Simonazzi adamantly denied the allegations of the Helsinki Commission.

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