Swiss FINMA approves merger of 2 supervisory bodies: FINcontrol Suisse AG and OSFIN into OSFINcontrol AG, creating a stronger, unified AML and financial compliance authority

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 Services Act (FinSA) and anti-money-laundering rules across Switzerland’s financial sector…