[roromainmain]

The usual (gu)estimate is that 1 to 3% of UK GDP is exposed to suspicious foreign wealth. It is estimated to be 15 to 20% of Switzerland GDP today. So indeed, it doesn't make sense for Switzerland to limit circulation of cash or increase tracability.

[mike_hearn]

Those estimates aren't based on anything real. The entire financial system including things like insurance and pensions is only 10% of Swiss GDP. Private finance is like 1% or less. And the AML rules are the same as everywhere else because they're standardized by the FATF.

You get a lot of nonsensical talk in other countries about the Swiss economy because the alternative would be to admit that it's a genuinely strong economy and thus that the Swiss are doing things right. There's a culture in the British civil service of assuming there's nothing that can be learned from other countries policy-wise.