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NEWS: Swiss regulator identifies money laundering shortcomings in country’s banks

Premium March 20, 2024

The logo of Swiss Financial Market Supervisory Authority FINMA is seen outside their headquarters in Bern

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NEWS: UK uses sanctions against citizen involved with ‘New IRA’ terror group

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NEWS: Norway wealth fund’s watchdog to probe shoemakers, crypto firms over ethics in 2025

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NEWS: ‘Australia had a hole in its AML standards for a long time’ – head of AUSTRAC

By AML Intelligence Correspondent

Swiss financial regulator FINMA has identified a number of serious shortcomings, notably in the areas of money laundering, mortgage lending and cyber risks at the country’s banks.

In its appraisal of the sector released today (Wednesday), it urged the banks concerned to remedy these shortcomings without delay.

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NEWS: UK uses sanctions against citizen involved with ‘New IRA’ terror group

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NEWS: Norway wealth fund’s watchdog to probe shoemakers, crypto firms over ethics in 2025

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NEWS: ‘Australia had a hole in its AML standards for a long time’ – head of AUSTRAC

Regulatory Watch News

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