finance
Switzerland Strengthens Anti-Money Laundering Regulations
Parliament finalizes new money laundering rules requiring enhanced due diligence from lawyers and advisors for transactions above CHF5 million.
12 months ago · 1 source
banking
Singapore Fines Swiss Banks CHF7.6M for Anti-Money Laundering Breaches
UBS, Credit Suisse, and Julius Bär face penalties from Singapore's financial regulator for violating anti-money laundering rules, highlighting increased scrutiny of Swiss banking practices abroad.
SWI swissinfo.ch
finance
Switzerland Launches Federal Register to Combat Money Laundering
New federal registry system approved to track beneficial owners of shell companies in major anti-money laundering initiative
SWI swissinfo.ch
technology
AI in Swiss Workplace: 77% Usage Rate Raises Compliance Concerns
New study reveals widespread AI adoption in Swiss workplaces, with half of users violating company policies and raising serious data security concerns.
SWI swissinfo.ch
sports
Sharp Rise in Suspicious Sports Betting Reports in Switzerland
Swiss gambling authority reports 184 suspicious betting cases in 2024, marking significant increase from previous year's 107 reports, with football accounting for majority of concerns.
SWI swissinfo.ch
banking
Swiss Federal Court ruling forces banks to choose between complying with Swiss judiciary or US sanctions in Magnitsky case, potentially exposing institutions to international penalties.
SWI swissinfo.ch
finance
Swiss financial watchdog FINMA orders Leonteq to surrender profits and implement stricter measures following serious violations in foreign distribution practices.
SWI swissinfo.ch
