The conversation between human and AI assistant.
How is black money stored in a Swiss bank?
That sounds like it would be easy to abuse. What measures are in place to prevent illegal activity?
Swiss banks are subject to strict regulations and oversight by the Swiss Financial Market Supervisory Authority (FINMA), as well as international organizations like the Financial Action Task Force (FATF) and the Organisation for Economic Co-operation and Development (OECD). Banks also have strict due diligence procedures in place to identify and prevent illegal activity.