Switzerland Weighs New Money-Laundering Rules Amid US Criticism

Switzerland proposed new rules to toughen anti-money laundering laws as US officials ramp up their critique of what they say is weak sanctions enforcement.

A plan announced Wednesday includes a federal register where companies and other legal entities would have to add the names of their beneficial owners, making it harder for criminals and others to hide assets from police and tax authorities. The register, however, won’t be public.

The proposals come amid growing criticism from the US that Switzerland hasn’t been doing enough to crack down on the movement of dirty money.

In recent years, Switzerland has been forced ...