Swiss banks and Africa�s kleptocracy

Arguably Switzerland has one of the best banking systems in the world and this unique system has attracted to that country’s banks a chunk of global foreign financial lodgement, but unfortunately over the years, large numbers of depositors included people with dubious sources of wealth especially from Africa.

For more than half a century the Alpine nation of Switzerland has built a reputation as the world’s centre for tax evasion, fraud, money laundering, racketeering, save haven and above all a staunch ally of corrupt African leaders and a great beneficiary of third world corruption.