In a major development, Switzerland will now share financial information with Pakistan which will help unearth the corrupt politicians’ foreign accounts. The Swiss parliament approved 18 more countries, including Oman, Nigeria, Azerbaijan etc. for automatic exchange of financial information (AEOI). Under this treaty, Switzerland will share the details of bank accounts held by their citizens in the country, as well as foreign citizens that have Swiss bank accounts.
The move will not only help Pakistan trace the corruption money worth billions of dollars stashed in Swiss banks, it will also provide a massive boost to the PTI government’s anti-corruption drive.
Source: Pro Pakistani