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FINMA lets Sberbank settle some claims…

News 01 July 2022  Press release 2022 Sberbank (Switzerland) AG: FINMA partially lifts measures The Swiss Financial Market Supervisory Authority FINMA is enabling Sberbank (Switzerland) AG to settle claims of non-sanctioned creditors. The bank’s improved financial stability and the current situation regarding sanctions are permitting the bank to take this […]

FINMA takes enforcement action against two banks

News 18 November 2021 Press release Combating money laundering 2021 Money laundering: FINMA concludes final proceedings connected with Venezuela The Swiss Financial Market Supervisory Authority FINMA has concluded two further proceedings focusing on Venezuelan business relationships. In these, it found that Banca Zarattini & Co. SA along with CBH Compagnie Bancaire Helvétique SA […]

FINMA announces AML investigations of Julius Baer managers

News 21 January 2021  Press release   Combating money laundering   2021 Violations of anti-money laundering regulations: FINMA investigated responsibility of Julius Baer managers The Swiss Financial Market Supervisory Authority FINMA has investigated the responsibility of individuals for serious anti-money laundering failings at Julius Baer. It has decided to initiate […]

FINMA Enforcement Action: Banca Credinvest

News 06 October 2020 Press release 2020 Combating money laundering FINMA concludes proceedings against Banca Credinvest The Swiss Financial Market Supervisory Authority FINMA has found that Banca Credinvest seriously breached anti-money laundering regulations in its handling of Venezuelan client relationships. FINMA recently concluded corresponding enforcement proceedings and imposed a variety of measures. FINMA […]

Swiss miss: FINMA enforcement action against Bank SYZ

News 24 September 2020 Press release 2020 Combating money laundering FINMA reprimands Bank SYZ for breaches of anti-money laundering regulations The Swiss Financial Market Supervisory Authority FINMA has determined in enforcement proceedings that Bank SYZ SA breached anti-money laundering regulations. The breaches occurred in the course of a very important business relationship […]