by Jyotsna Bucktowar | Sep 29, 2026
The case involved CHF 1bn+ in private debt loans to a European group and client relationships involving two Russian PEPs, with failures to adequately verify source of wealth, scrutinise adverse media and meet reporting obligations. FINMA has ordered further measures,...
by Jyotsna Bucktowar | Jun 4, 2026
FINMA identified shortcomings including insufficiently detailed risk assessments, overly generous exceptions to internal controls, and poorly defined warning indicators that could allow high-risk relationships to go undetected. The regulator highlighted particular...
by Jyotsna Bucktowar | May 12, 2026
The proposed revisions place stronger emphasis on transparency and risk mitigation by requiring financial intermediaries to gain a clearer understanding of customers’ ownership and control structures, particularly where complex legal entities or layered arrangements...
by Jyotsna Bucktowar | Apr 9, 2026
The regulator warns that digital banking expansion and emerging technologies, including AI, are increasing exposure to fraud and ML, with gaps identified in governance, incident response, and horizon scanning capabilities across several institutions. FINMA stresses...
by Jyotsna Bucktowar | Dec 11, 2025
This consolidation strengthens the supervisory framework for portfolio managers and trustees under Swiss financial regulation, with OSFINcontrol expected to provide unified, efficient oversight of compliance with the Financial Institutions Act (FinIA), the Financial...
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