Switzerland's foreign policy engagement is based on a value system that aims to promote the rule of law, justice, transparency, and social and economic welfare. The global problem of corruption is a hurdle to achieving these goals. Switzerland is taking measures to combat corruption at both domestic and international level in order to encounter this hurdle.
Assets held by politically exposed persons (PEP assets), which Switzerland has increasingly focused on in recent decades, are a particular challenge. These involve cases in which PEPs or their close associates illicitly enrich themselves and deposit their illegally acquired assets in various financial centres, including Switzerland.
Asset Recovery is a tool to combat this practice. Asset Recovery can be used to identify, freeze, confiscate and return to the legal economic cycle illicitly acquired PEP assets that have entered the Swiss financial centre despite preventive mechanisms.