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GRIP Country Guides: Switzerland
A first port of call for firms wishing to do financial services business in Switzerland – covering regulation, compliance and best practice.
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Switzerland announces new cyber-attack reporting requirement for financial institutions
Ordinance sets out obligation to report cyberattacks on critical infrastructure.
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Swiss regulator censures Lebanon’s largest bank for serious money laundering violations
The bank was found to have kept information from FINMA, failed to report suspicious activities to their MLRO, and bypassed PEP protocols.
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What you need to know about the Swiss Limited Qualified Investor Fund
The introduction of the L-QIF in March 2024 is an opportunity for the asset management industry to offer innovative products and strategies.
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GRIP Forecast 2024 – Enforcement
The GRIP team looks into the crystal ball and does some plain speaking about what the future might bring – this time looking at general trends in enforcement action by regulators globally.
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Swiss regulator calls for more powers after Credit Suisse collapse
In its report on the bank failure FINMA calls for better regulatory tools and more influence on the governance of the businesses that it supervises.
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Persistent AML risk analysis shortfall among Swiss banks, FINMA reveals
In response to the findings, the Swiss regulator has published guidance to enhance risk practices.
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UBS to pay $387m in Credit Suisse-linked Archegos Capital fines
UBS has been ordered to pay British and US regulators over Credit Suisse’s dealings with private investment firm Archegos Capital Management.