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Swiss Will Tighten Rules on Foreign Assets, SonntagsZeitung Says

Switzerland’s government will unveil a new “clean money” strategy at the end of this month, SonntagsZeitung reported, citing unidentified people.

Proposed regulations, to be put forward by Finance Minster Eveline Widmer-Schlumpf, will require banks to demand a declaration from non-Swiss clients that all their assets are properly taxed, the Swiss newspaper reported.

To contact the reporter on this story: Leigh Baldwin in Zurich at lbaldwin3@bloomberg.net

To contact the editor responsible for this story: Mariajose Vera at mvera1@bloomberg.net

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