Swiss revamp antiquated money laundering, terrorism finance report system

ZURICH (Reuters) - Switzerland is overhauling its 21-year-old system for reporting suspected money laundering and terrorism financing, Swiss federal police said on Wednesday, after concluding the old system that relies on fax or mail has outlived its usefulness. From 2020, Switzerland plans to use an anti-money laundering programme from the United Nations Office on Drugs and Crime called "goAML" which is currently being used by financial intelligence units in 49 other countries including..