Federal Council to enshrine practice of returning stolen PEP assets in law
Bern, 26.6.2024 - The Federal Council is set to propose legislative amendments to enshrine in law Switzerland's practice, developed over the last two decades, on the restitution of illicitly acquired assets of foreign politically exposed persons (PEPs). At its meeting on 26 June 2024, it approved the report in response to the postulate of the Foreign Affairs Committee of the Council of States (FAC-S) of 4 April 2019, which asked the Federal Council to examine whether legislation in this area should be harmonised.