Rolex Buyers Needn't Worry as Swiss Put Limit on Anonymous Cash

  • As of Jan. 1, cash payments of CHF100,000 need due diligence
  • Cash in circulation per inhabitant is highest in Switzerland

Reto Roffler's clothing store in Zurich.

Photographer: Catherine Bosley/Bloomberg

Reto Roffler, a tailor in the heart of Zurich’s banking district, doesn’t accept card payments. Clients of his store, where a suit can go for 6,000 francs ($6,075), must either use bank transfers or cash.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.