Money Laundering Reporting Office Switzerland - No increase in the number of suspicious activity reports for the first time
Bern, 15.4.2005 - For the first time since the Money Laundering Reporting Office Switzerland (MROS) was set up in April 1998, there was no increase in the number of suspicious activity reports filed in 2004. The number of reports fell by 42, from 863 in 2003 to 821 in 2004. There was a decline in the number of reports particularly in the field of international financial transactions. The number of reports from the banking sector, on the other hand, increased once again by 12.6%. On the whole, the figures for 2004 indicate that the preventive aspect of the Money Laundering Act is beginning to take effect.