Swiss FINMA publishes Guidance on Managing Digital Fraud Risks, warning from a 19-bank survey of rising fraud since 2022 and serious gaps in AML and operational controls as digital threats escalate

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 the need for robust, organisation-wide risk management frameworks to detect, assess, and mitigate digital fraud risks—particularly in online onboarding and unauthorised account access—to strengthen banks’ resilience against rapidly evolving financial crime threats…