Swiss won't abolish the 1,000-franc note

Good news if you happen to be a criminal in search for ways to transport your dirty money in a convenient way. The Swiss National Bank (SNB) has announced that it will not follow the example of the European Central Bank when they announced the end of their highest denomination. The 500-euro note might be coming to an end but the Swiss 1,000-franc note will be available to us all. In a matter of speaking for most of us...

"The cabinet argued that the Money Laundering Reporting Office (MROS) had also not received any information on the illegal use of high-value banknotes."

Steven Monday 23 May 2016 at 11:21 am | | links
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