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The assets can be restituted to the country of origin for the purposes of improving the living conditions of the inhabitants, or to strengthen the rule of law in the country of origin therefore contribute to the fight against impunity (art. 17).
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167:(e.g., heads of state, senior politicians, close associates) that have been acquired through corruption or other criminal means, and which have been deposited in
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Bundesgesetz ĂĽber die
Sperrung und die Rückerstattung unrechtmässig erworbener Vermögenswerte ausländischer politisch exponierter Personen (SRVG)
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Switzerland was first confronted with the issue of the return of illicit assets in 1986, during the fall of the
Philippine dictator
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the country of origin is unable to meet the requirements for mutual legal assistance due to the failure of state structures
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the assets are subject to a provisional seizure order in criminal matters initiated at the request of the country of origin
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222:. However, until the law of 2010, these measures were taken on an ad hoc basis by relying on the provisions of the
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Bundesgesetz über die Rückerstattung unrechtmässig erworbener Vermögenswerte politisch exponierter
Personen, RuVG
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Federal Act on the
Freezing and the Restitution of Illicit Assets held by Foreign Politically Exposed Persons (
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Assets can also be frozen for purpose of confiscation if three conditions are met (art. 4 para. 2):
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Under the law, assets can only be frozen if the following four conditions are met (art 3. para. 2):
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the assets were likely acquired through corruption, criminal mismanagement or other felonies;
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Briefing: Comparative Laws for
Confiscating and Repurposing Russian Oligarch Assets
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that provides for the freezing, confiscation and restitution of assets of foreign
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the government of the country of origin has lost power or is about to lose power;
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the safeguarding of
Switzerland's interests requires the freezing of the assets.
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the safeguarding of
Switzerland's interests requires the freezing of the assets.
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Message relatif Ă la loi sur les valeurs patrimoniales d'origine illicite
218:, where it froze USD 685 million of assets and restituted them to the
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the level of corruption in the country of origin is notoriously high;
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Legge sulla restituzione degli averi di provenienza illecita, LRAI
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Legge sui valori patrimoniali di provenienza illecita, LVP
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Assets can be frozen for a maximum of 10 years (art. 6).
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Loi sur les valeurs patrimoniales d’origine illicite, LVP
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and came into force on 1 July 2016. It replaces the
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199:Loi sur la restitution des avoirs illicites, LRAI
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174:It was adopted on 18 December 2015 by the
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242:Conditions for freezing and confiscation
112:Restitution of Illicit Assets Act (2010)
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231:Federal Department of Foreign Affairs
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180:Restitution of Illicit Assets Act (
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128:Foreign Illicit Assets Act (FIAA)
22:Foreign Illicit Assets Act (FIAA)
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229:The FIAA is administered by the
226:, lacking a formal legal basis.
83:Federal Assembly of Switzerland
37:Federal Assembly of Switzerland
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16:Swiss law about asset seizure
378:Official text (read online)
165:politically exposed persons
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437:Banking in Switzerland
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442:Political corruption
432:Privacy legislation
331:www.fedlex.admin.ch
307:www.fedlex.admin.ch
120:Current legislation
447:Swiss Federal Acts
427:Law of Switzerland
224:Swiss constitution
69:Territorial extent
161:Swiss federal law
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365:, September 2022
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216:Ferdinand Marcos
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92:18 December 2015
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79:Enacted by
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372:External links
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237:Key provisions
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361:Redress.org,
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334:. Retrieved
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211:from 2010.
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399:Switzerland
281:Restitution
220:Philippines
169:Swiss banks
100:1 July 2016
73:Switzerland
421:Categories
336:2023-04-03
312:2023-03-26
290:References
48:Long title
183:‹See Tfd›
133:‹See Tfd›
97:Commenced
327:"Fedlex"
303:"Fedlex"
159:), is a
385:Portals
203:Italian
153:Italian
118:Status:
106:Repeals
89:Enacted
60:196.1)
195:French
187:German
145:French
137:German
126:The
411:Law
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