"The Swiss Parliament, it may be noted, passed a new law in February 2011. Termed as the Restitution of Illicit Assets Act (RIAA), this law has the potency to make and mar the reputation of several PEPs across continents.
What is pertinent to note here is that, among other things, the law according to some experts allows the Swiss cabinet to freeze contentious assets of PEPs even if a country has not formally asked Switzerland to do so."
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