The Swiss Federal Council mandated the Federal Department of Foreign Affairs (FDFA), on 5 December 2008, to draft legislation that will make it possible to confiscate the assets of illicit origin of politically exposed persons and restore them to the people of the country in which the funds originated.

This law would apply in the event that mutual assistance proceedings between Switzerland and the country in which the funds originated were to fail. It will, under strict conditions, reverse …

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