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New Swiss rules to force commodities groups to disclose payments to officials

Posted on 24 November 2016

Big commodities groups in Switzerland will have to publish any six-figure payments to public officials under draft anti-corruption legislation announced on Wednesday. Switzerland, which hosts some of the world’s biggest commodities trading groups, aims to make financial flows in the sector more transparent as a way to promote “responsible corporate behaviour”, the government said after a cabinet meeting that approved legislation amending corporate law.
The cabinet submitted a bill requiring commodity groups reveal payments to public officials of more than 100,000 Swiss francs ($98,863) per fiscal year…………………………………Full Article: Source


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