Swiss Foundation

 


SEMINARS

February 24, 2003

 

The Fight Against Money Laundering and Terrorist Financing, the Swiss Financial Privacy Legislation and Know-Your-Customer Rules

PresentersMr. Pierre Mirabaud, Senior Partner of Mirabaud & Cie (Geneva) and Mr. Andreas Hubschmid, Executive Director, Executive Board of the Swiss Bankers Association (Basel).

 

 


Selected Quotes

  • "There is a big difference between money laundering and financing terrorism. The first is where the money comes from and the second is where the money goes." (Andreas Hubschmid)
  • "It is difficult to seize money from terrorist groups. Terrorism doesn't need a lot of money like drug trafficking. You can use quiet schemes and then activate them at one point, therefore, identifying these are difficult." (Pierre Mirabaud)
  • "The origin of the money which finances terrorism is legally collected money. Yet this money is misused for criminal purposes." (Andreas Hubschmid)

For Pierre Mirabaud's written statement click here.

 

 

 

Johns Hopkins University