The Swiss lower house members Monday approved a bill that would facilitate the illegal confiscation of assets deposited in foreign dictators Swiss banks.Swiss news agency, SDA, said the Swiss Parliament approved by 114 votes difference versus 49 to pass the bill, which had been previously agreed upon by the Senate.
This bill is intended to stop such assets falling into the hands of criminals. In the past, Switzerland has been forced to return funds to the family of the dictator and not to the countries where corruption is coming from.
Under the new law, the Swiss government to freeze the assets in dispute until a period of 10 years, while the Swiss preparing legal action to foreclose.
The new law also itemize the funds are returned to their home country should be used to improve the lives of residents of the country, strengthen the judicial system and fighting crime.