Swiss say terror financing reports jumped in 2012 amid suspected money laundering cases

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Swiss federal police say they investigated several reports of terrorist financing amid a high number of suspected money-laundering cases connected to banks last year.

The Money Laundering Reporting Office in the Swiss capital Bern says the number of reports involving terrorist financing rose to 15 in 2012, five more than a year earlier, due to a single complex case of almost $8 million. No more details were provided.

The police office said in a statement Tuesday there were 1,585 "suspicious activity reports" for 2012 involving $3.3 billion, slightly less than the amount in 2011.

A third of the cases were reports of fraud.