Switzerland's anti-money laundering authority said it investigated fewer cases in 2007, with 317 new proceedings launched compared to 507 in 2006.
'A trend relating to fewer financial intermediaries openly operating illegally in the financial centre is emerging,' it said.
'This may be seen as a success,' it added in its annual report.
The report was published as Switzerland's status as a global financial centre came under renewed scrutiny after neighbouring principality Liechtenstein's entanglement in a German tax evasion scandal.
http://www.amlosphere.com/europe/aml/switzerland-probes-fewer-money-laundering-cases-in-2007.html
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