Switzerland Weighs Joining British-led Task Force to Combat Kleptocracy

Switzerland considers joining a UK-led international task force targeting kleptocrats to shake off its reputation as a haven for dirty money. The move would enhance cooperation in global anti-corruption efforts, aligning with recent measures Switzerland has taken to improve financial transparency.

Switzerland is evaluating membership in an international initiative orchestrated by the UK to combat kleptocracy and reclaim misappropriated assets. The development was disclosed on Tuesday amid efforts to reform its image as a refuge for illicit wealth.

British Foreign Minister David Lammy discussed the International Anti-Corruption Coordination Centre (IACCC) with Swiss authorities during a recent visit. Switzerland currently holds observer status in the IACCC, but the UK has extended an invitation for full membership.

By joining the task force, Swiss authorities could collaborate more effectively with international partners on intelligence-sharing and large-scale investigations. David Lammy emphasized Switzerland's pivotal role in global anti-corruption efforts, stating its membership would be invaluable.

(With inputs from agencies.)