All FINMA articles

  • Credit Suisse
    Article

    Credit Suisse faces FINMA enforcement in corporate espionage case

    2020-09-03T17:48:00Z

    Credit Suisse is learning the hard way that spying on former colleagues is frowned upon, following announcement of an enforcement proceeding against the Zurich-based bank by the Swiss Financial Market Supervisory Authority.

  • Money laundering
    Article

    Compliance lessons from Julius Baer’s ‘serious AML failings’

    2020-02-21T15:52:00Z

    Compliance officers can learn a lot from the anti-money laundering compliance shortcomings at Julius Baer Group, as well as from what the bank is now doing to enhance its risk management and AML compliance controls.

  • Blockchain
    Article

    FINMA publishes AML guidance on blockchain

    2019-09-03T15:24:00Z

    The Swiss Financial Market Supervisory Authority has published new guidance on how it applies AML rules to the financial services providers it supervises in the area of blockchain technology.

  • Blog post

    FINMA finds deficiencies in AML processes at Credit Suisse

    2018-09-17T11:15:00Z

    The Swiss Financial Market Supervisory Authority FINMA has concluded two enforcement procedures against Credit Suisse. In the first procedure, FINMA identified deficiencies in the bank’s adherence to anti-money laundering due diligence obligations. The second procedure relates to a significant business relationship for the bank with a politically exposed person.

  • Blog post

    Swiss regulator publishes ICO guidelines

    2018-02-20T09:00:00Z

    The Swiss Financial Market Supervisory Authority, FINMA, has published guidelines setting out how it intends to apply financial market legislation in handling enquiries from initial coin offering organisers. The guidelines also define the information FINMA requires to deal with such enquiries and the principles upon which it will base its ...

  • Blog post

    Swiss regulator sanctions Gazprombank in wake of Panama Papers

    2018-02-02T13:45:00Z

    Following revelations from the Panama Papers, Swiss regulators identified serious shortcomings in anti-money laundering processes regarding private clients at Gazprombank Switzerland and, thus, has banned it from accepting new private clients until further notice.