US Treasury Sends Top Official to Switzerland to Tackle Illicit Money

The U. S. Treasury has decided to send a senior official to Switzerland next week. The goal is to strengthen cooperation against illegal money flows. The trip comes after Swiss regulators shut down a small private bank. The bank faced allegations of money‑laundering and violations of sanctions on Russia and Iran. The Treasury official will meet with Swiss government leaders and banking executives on Monday and Tuesday. Discussions will focus on U. S. sanctions priorities.They will also talk about joint strategies to fight illicit finance worldwide. The meetings aim to make enforcement more effective. The move shows that the U. S. is serious about curbing cross‑border financial crime. It also signals a willingness to collaborate closely with Swiss authorities. By working together, the two sides hope to close loopholes that criminals use. They plan to share information and coordinate investigations. The initiative reflects a broader effort to protect global markets from corruption and terrorism financing.