Swiss Court Edges Toward Punishing Money Laundering

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Tuesday, April 1, 1986
Author: 
Clemens J.M. Kochinke
Volume: 
2
Issue: 
4
Abstract: 
A Swiss appeals court increased the prison terms for several alleged money launderers, members of the Swiss branch of the international Pizza Connection, on appeals by both the defense and prosecution. The defendants were alleged to have structured financial transactions in Zürich relating to heroin supplies delivered to the U.S. from Turkey via Sicily, thus committing money laundering crimes under the fencing provision of Art.