“We have not observed any major movement of funds being transferred, not at all,” Herbert Scheidt told reporters during a tour of the Gulf.
Scheidt was part of a group accompanying Swiss Vice President and Minister of Finance Ueli Maurer, who visited Saudi Arabia and the United Arab Emirates for talks on cooperation in financial and tax matters.
Scheidt said there had been no discussions with Saudi Arabia during the trip about freezing assets, adding that any such requests would be made to the Swiss prosecutor’s office.
In an effort to curb corruption, Saudi Arabia began a crackdown in November, arresting a number of ministers and some members of the royal family.
The drive was part of an initiative launched by Crown Prince Mohammed bin Salman as an important part of the ambitious Vision 2030 reform plan to promote development.