Swiss Firms Escape Criminal Charges, Non-Profit Criticizes

finews.com, March 1 2021 – Just a handful of companies have been prosecuted under a 2003 Swiss law which holds firms accountable for corporate wrong-doing like money laundering or corruption, Transparency International Switzerland wrote in a study released on Monday. None are recorded in the criminal register, and efforts to do so have been foiled by parliament. In its study, the NGO laid out a roster of demands, including better legal protection for whistleblowers, the potential to levy larger fines, and an end to summary penalty orders for major cases – and for minor to moderate cases to be heard by a court.