https://bnnbreaking.com/politics/swiss-eu-negotiations-nearing-agreement-new-anti-money-laundering-laws-in-the-works/

Switzerland is on the threshold of a significant breakthrough in its relationship with the European Union (EU), according to Petros Mavromichalis, the Swiss Ambassador to the EU. In a recent interview on the Swiss television program ‘Forum’ aired on Radio Television Suisse (RTS), Mavromichalis voiced his optimism about the ongoing negotiations between the two entities. These discussions, spanning nearly 15 years, are reportedly edging closer to an agreement that would satisfy both parties.

Not Starting From Scratch

Contrary to common misconceptions, the ambassador stressed that the negotiations did not commence from ground zero. Instead, the dialogue is primarily centered around resolving the most contentious issues to forge a mutually beneficial agreement. Mavromichalis emphasized that the discussions aim to create a model of EU relations customized to Switzerland’s needs, reinforcing the country’s unique position.

Three New Agreements in Sight

Among the potential outcomes of the negotiations are three new agreements requested by Switzerland. While details remain under wraps, these accords represent an opportunity for Switzerland to enhance its relationship with the EU further. The Swiss Ambassador is confident in the imminent positive conclusion of these dialogues, indicating a new chapter in the Swiss-EU relations.

Addressing Concerns Over Sovereignty and Wage Pressure

In the interview, Mavromichalis also addressed the concerns of sovereignty and wage pressure, pointing out that Switzerland’s engagement with the EU is not tantamount to joining the union. Clarifying this, he explained that participation in the single market and adherence to its rules do not imply a sharing of sovereignty. The ambassador further dismissed fears of wage pressure as unfounded scaremongering, citing the varied wage levels and economic developments across EU member states. Mavromichalis expressed confidence in persuading the Swiss populace about the benefits of new treaties, reminding that most votes on EU matters in Switzerland have been positive in the past.

Switzerland Tightens Anti-Money Laundering Legislation

In a related development, Switzerland is formulating new anti-money laundering regulations, a move seen as a response to criticism from the US and UK. The proposed legislation will hold law firms accountable for reporting suspicious transactions, especially those related to the creation of shell companies or property deals. This initiative underscores Switzerland’s commitment to adhering to international standards, even as it navigates the complexities of its relationship with the EU.