The move, seen by critics as an attempt to distance themselves from any financial crimes, has seen the European banking hub taking the extraordinary step of reporting customers carrying out suspicious transactions to the Swiss Money Laundering Reporting Office, part of the federal police service.
Swiss lawyers handed over a dossier full of information on rogue clients last week, a source told The Financial Times.
Regulators said that the banks had made the move to appear more transparent after Bin Salman launched his probe into corruption in Saudi Arabia last month.
Since the first week of November, 201 people have been taken into custody by Saudi authorities in a sweep that investigators said had uncovered at least $100 billion in corruption.
Read the original article here: express.co.uk
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