SWITZERLAND ADMITS BEING ATTRACTIVE
                                           FOR MONEY LAUNDERING.

                       In a first major admission of being an attractive destination for money
                       laundering of assets illegally amassed,Switzerland has said it needs to
                       further strengthen its systems for combating money laundering and
                      terrorist financing.

                      The admission comes at a time when Switzerland has been facing
                      immense pressure from India and many other countries to share deals
                      of Swiss bank customers suspected to have used the famed secrecy
                      walls of banking institutions in the European country to hide their
                      illicit funds.

                      Source :Global Financial Integrity.