The Local Switzerland

Freeze continues on African dictators' assets

Tue, 18 Dec 2012 19:44:00 +0100

Switzerland is still working to return nearly one billion francs ($1.1 billion) in frozen assets to needy North African countries who deposed autocratic leaders in the Arab Spring, the foreign affairs ministry says.

Swiss froze one billion francs after Arab Spring

Tue, 16 Oct 2012 16:57:00 +0200

Switzerland has blocked nearly one billion Swiss francs ($1.1 billion, €800 million) in assets linked to former autocratic Middle Eastern leaders since the Arab Spring, the Swiss foreign ministry said on Tuesday.

Swiss return $1.8 billion in seized Arab Spring assets

Wed, 25 Jan 2012 11:34:00 +0100

Switzerland said on Tuesday it has returned nearly 1.7 billion francs ($1.83 billion) in illicitly placed assets to countries involved in the Arab Spring regime changes.

Government plans new asset-freezing law

Thu, 26 May 2011 15:45:00 +0200

The Swiss government said on Thursday that it would consider creating a new law to make it easier to freeze the assets of foreign dictators.