---
category: Country
summary: Switzerland is a European country whose banking secrecy laws made it the
  primary offshore jurisdiction for Iran-Contra arms dealer commissions, BCCI front
  operations, and Adnan Khashoggi's front companies, before Khashoggi was arrested
  there in 1988.
tags:
- Country
- Switzerland
- Banking
- FrontCompany
- Khashoggi
---

[Switzerland](/places/switzerland/) is a country in Europe known for its banking system. [Adnan Khashoggi](/people/adnan-khashoggi/) established front companies in [Switzerland](/places/switzerland/) and [Liechtenstein](/places/liechtenstein/) to handle his commissions. In 1988, Khashoggi was arrested in [Switzerland](/places/switzerland/), accused of concealing funds, held for three months, and then extradited to the [United States](/places/united-states/).[^1]

[Robert Booth Nichols](/people/robert-booth-nichols/) had an office in Zurich, [Switzerland](/places/switzerland/). [Art Suchesk](/people/art-suchesk/), a friend of [Allan Boyak](/people/allan-boyak/) and a [CIA](/organizations/central-intelligence-agency/) proprietary company runner, was based out of Zurich, [Switzerland](/places/switzerland/), during a period when he repeatedly encountered [Robert Booth Nichols](/people/robert-booth-nichols/) in various international locations.[^1]

---

[^1]: Seymour, Cheri. *The Last Circle: Danny Casolaro’s Investigation into the Octopus and the PROMIS Software Scandal*. First Edition. TrineDay, 2010.