Three biggest groups in European parliament support possible move to high-risk list for money laundering

• Credit Suisse leak unmasks criminals, fraudsters and corrupt politicians
• What is the Suisse secrets leak and why are we publishing it?

All three of the largest groups in the European parliament are demanding that the EU assess whether Switzerland should be categorised as a high-risk country for money laundering and financial crime, as reaction to the Credit Suisse leak continues to reverberate about the world.

Less than 48 hours after the Guardian and other media published an investigation into the leak as part of the Suisse secrets project, political groups representing the majority of MEPs in the European parliament support the possible blacklisting of Switzerland.

Apparent due diligence failures by Swiss bank prompts centre-right calls for EU to review relationship with Switzerland

• Credit Suisse leak unmasks criminals, fraudsters and corrupt politicians
• What is the Suisse secrets leak and why are we publishing it?

The fallout from a huge leak of Credit Suisse banking data threatened to damage Switzerland’s entire financial sector on Monday after the European parliament’s main political grouping raised the prospect of adding the country to a money-laundering blacklist.

The European People’s party (EPP), the largest political grouping of the European parliament, called for the EU to review its relationship with Switzerland and consider whether it should be added to its list of countries associated with a high risk of financial crime.