Your Daily Scan of the New Global Economy


Intel Switzerland

  • ‘Switzerland failing to tackle money laundering’: Thelesklaf

    The former head of Switzerland’s anti-money laundering office says the country is failing to pull its weight in the fight against large scale corruption. Daniel Thelesklaf is convinced that billions of dollars are still being laundered through Swiss banks, largely unchecked. Speaking to the Tages Anzeiger newspaper, Thelesklaf said: “Our entire set of instruments for combating money laundering is failing”. He accused Switzerland of lacking the political will to tackle the global problem. Thelesklaf resigned as head of the Money Laundering Reporting Office Switzerland (MROS) in June without explanation. His comments come as the media site Buzzfeed News and the International Consortium of Investigative Journalists released data from the US Financial Crimes Enforcement Network (FinCEN) that revealed how criminals move dirty money around the world. According to Swiss public broadcaster RTS, the data includes more than 2,000 transactions relating to Swiss banks, with $3.7 billion…


  • Argentina hack reveals data on thousands of Swiss travellers

    Some 11,000 Swiss citizens have had their data illegally made public by Argentinian hackers after blackmail demands were not met. The hackers published passport data of tens of thousands of people worldwide. Swiss public broadcaster SRF reports that the data was hacked from the Argentinian immigration office. The thieves published reams of personal data on the Darknet – an underground version of the internet – because the authorities refused to meet their ransom demands. The data includes names, dates of birth, passport numbers and travel destinations of a multitude of people who had travelled to Argentina between January and mid-March. The list is also believed to contain some 12,000 Germans, including diplomats, and citizens of Israel and France. The Swiss foreign ministry told SRF that it was aware of the ransom attack and was in contact with the Argentinian authorities. According to research by the Bavarian Broadcasting Corporation, the hackers had demanded some $4 million…


  • Coronavirus: the latest numbers

    Here is an overview of the most important Swiss-related coronavirus data and graphs, which are updated automatically. In Switzerland, statistics on the spread of coronavirus come from different sources. Most of the data comes from the 26 cantons, but it is also published once a day by the Federal Office of Public Health (FOPH). For the number of coronavirus-related deaths, FOPH sometimes publishes statistics a few days later than the cantons. Until July 8, SWI only published consolidated figures that came directly from the cantons. The source for these figures is an interface run by the Statistics Office of Canton Zurich, which meets high standards of data quality and availability. Since July 9, SWI once again used the FOPH as the source for the number of confirmed cases, as some cantons no longer publish the figures on a regular basis. The statistics for some cantons may be missing due to a delay in reporting figures to the federal health authorities.


  • Hundreds of face masks fished out of Lake Geneva

    More than 1,000 volunteers have picked up five tonnes of rubbish across Switzerland as part of the annual World Cleanup Day. This included some 500 Covid-19 face masks. Internationally, Switzerland has the image of being a clean country – but appearances are deceptive, according to NGO Let’s Do It. It says littering costs Swiss taxpayers around CHF200 million ($220 million) a year, and at 716 kilograms per person per year, Switzerland is near the top globally for producing waste. On Saturday Let’s Do It Switzerland joined the annual World Cleanup Day event. People collected 5,262 kg of rubbish in 41 clean-up operations in lakes, shores, villages, forests, mountains and cities. This was documented, sorted and disposed of correctly, it said. Across Switzerland 1,114 kg of rubbish were recycled. Let’s Do It spokesman Fabio Gieriet said the amount of hazardous waste collected was particularly large: 194,063 cigarette butts alone were picked up, he said, pointing out that the…


  • WEF Davos conference in doubt for 2021

    The World Economic Forum’s (WEF) flagship summit may not take place in Davos next year, businesses in the alpine town have been warned. The pandemic had already forced organisers to postpone the event from its usual January slot to a potential early summer date. But hoteliers in Davos, the alpine resort that has hosted the global conference for the past 50 years, have now received a letter casting doubt on whether WEF 2021 will take place there at all next year. The Südostschweiz newspaper broke the story which was confirmed to the news agency Keystone-SDA. A WEF spokesman told that it was not “communicating on this topic for the time being, because no decision has yet been made.” He added that additional information would be made available in the coming weeks. According to Swiss public radio broadcaster SRF, potential replacement locations for the event could include the Bürgenstock resort in central Switzerland, or Lugano in southern canton Ticino. In June, WEF…


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