close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Swiss freeze additional $20 million in Syrian assets

Swiss freeze additional $20 million in Syrian assets

70 million francs in Syrian funds now frozen; Owner of assets hard to identify; Arab Spring has increased questionable asset flows

0

June 5, 2012 11:15 by



Switzerland has frozen another 20 million Swiss francs ($20.59 million) of funds belonging to top Syrian officials, bringing the total to date to 70 million francs, the government said on Monday.

Switzerland introduced sanctions on Syria last year to try to pressure the government to end a crackdown on its opponents, saying in December it had frozen 50 million francs of assets belonging to President Bashar al-Assad and other officials.

“The extra 20 million brings the total to 70 million Swiss francs as a result of sanctions being extended,” State Secretariat for Economic Affairs spokeswoman Marie Avet said.

“Sometimes the structures are quite complicated, making it difficult to identify the owner of the assets, and new information also helped us to identify more assets.”

In March, the Swiss government added seven names – most of them ministers – to the list of top Syrian officials facing sanctions.

Switzerland has worked hard in recent years to improve its image as a haven for ill-gotten gains, seizing the assets of numerous deposed dictators and agreeing in 2009 to soften strict bank secrecy to help other countries catch tax cheats.

Swiss state prosecutors said last month they had opened criminal proceedings against Syrian and Libyan citizens on suspicion of money laundering.

Questionable asset flows identified by Swiss authorities reached a record high of more than 3 billion Swiss francs in 2011, lifted in part by wealthy North Africans who sought to move assets into the country as the Arab Spring raged.

($1 = 0.9713 Swiss francs)

(Reporting by Martin de Sa’Pinto; Editing by Alison Williams)



0

Tags: , , ,

Leave a Comment