The Economic Effects of Repatriation of Stolen Funds on the Profitability of Swiss’s Banks

Hafiz Ubaid Ur Rahman Rahmani, Barjoyai Bardai, Abdoulrahman Aljounaidi Mhd Ramez

Research output: Contribution to journalArticle

Abstract

The Swiss’s banking industries are known to be one of the worlds most patronized for many decades, even before the era of modern banking technology. This had boosted her economic growth over the years, which accounts for 65% of the Switzerland GDP according to OECD, 2018 report. In the move to maintain and boost her economy, Switzerland’s banks had received stolen funds from corrupt officials, both in private and government from other nations. These unethical banking services operations had stopped due to pressures from other countries and transparency international organizations.
Although, refusing to receive further stolen funds in the future is not enough, but repatriation of such funds to their rightful owners had been challenging for Switzerland’s banking involved in this shameful act. Therefore, the Swiss’s banks are now faced with the challenge of losing stolen, which had financed banking operations. This paper tends to discover the potential effects that this might have on the profitability of banks in Switzerland. Then, this will close the gaps because related authors neglected to consider the potential effects on the profitability of Swiss’s banks. This led to a survey investigation at a conference on repatriation of corrupt funds by banks held in Zurich, where participants pin-pointed fears of potential effects of the repatriation of stolen funds on the profitability of banks in Switzerland.
Original languageEnglish
Article numberI0125000
Pages (from-to)98-118
Number of pages21
JournalInternational Journal of Scientific & Engineering Research (IJSER)
Volume9
Issue number11
Publication statusPublished - 15 Nov 2018
Externally publishedYes

Bibliographical note

Open access journal

Keywords

  • Profitability
  • Swiss’s Banks
  • Stolen Funds
  • Repatriated Funds
  • Economic Effects
  • Ethical

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