Swiss Info: Switzerland moves forward with its first centralised BO register, but limited transparency and key exemptions raise concerns over the effectiveness of AML oversight

The register will be accessible only to law enforcement authorities and financial intermediaries, excluding public access. While this move marks progress, it has sparked concerns within the financial crime community. Key exemptions – such as those for foundations, trusts, and associations – combined with restricted access, may limit the register’s effectiveness in combating illicit finance…