by AdrianaAMLP | Nov 3, 2023
Switzerland has made progress in addressing the technical compliance deficiencies identified in the MER with respect to Recommendation 10 and Recommendation 40 and is re-rated to Largely Compliant on both measures.
by Jyotsna Bucktowar | Aug 30, 2023
Switzerland drafted new rules to tighten perceived cracks in its money laundering regulations, holding lawyers and consultants accountable for reporting risks and stepping up oversight of legal entities, such as trusts…
by AdrianaAMLP | Mar 26, 2023
Credit Suisse could face a probe and disciplinary action over how top managers ran the bank in the run-up to its collapse and takeover by UBS. Marlene Amstad, president of the Swiss regulator Finma, told the newspaper NZZ am Sonntag, according to...
by AdrianaAMLP | May 2, 2022
Swiss considers amending banking secrecy laws amid UN pressure as it faces pressure from UN officials to scrap rules under which whistleblowers and journalists who report on potential wrongdoing can be prosecuted…
by AdrianaAMLP | Apr 20, 2022
The ongoing digitalisation of the financial system and the entry of new players to the market are promoting new business models and driving the development of new services. The focus is on payment apps, asset management tools and automated processes for...
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