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The financial sector and the economy
The financial sector is very important to Switzerland. It employs around 6% of the working population and contributes over 10% to Switzerland's economic performance. Today, Switzerland has one of the best regulated and monitored financial sectors in the world.
Switzerland is working closely with other countries to combat organized crime and terrorism. It employs internationally binding sanctions, in particular sanctions imposed by the United Nations. Banking secrecy does not apply where criminal activities such as money laundering, corruption or tax evasion are suspected.