Key facts
The Swiss financial centre manages around CHF 7,900 billion in assets and almost half of its clients come from abroad. Switzerland manages about a quarter of the world’s cross-border assets, putting it ahead of Hong Kong and Singapore. However, in the Basel AML Index, Switzerland ranks only 27 out of 32 within the European Union and the rest of Western Europe. The main reason for this poor ranking is the Financial Secrecy Index (FSI), which measures a country’s lack of transparency (e.g. registers, bonded warehouses, company ownership) and tax avoidance opportunities.