Tag: Switzerland

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NEWS: Swiss AG calls for faster white collar crime prosecutions

BREAKING: HSBC faces formal investigation over $300m embezzlement scandal

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NEWS: Swiss banks must improve AML risk analysis, says finance watchdog

NEWS: FINMA moves to revoke Wendelspiess licence, imposes long-term bans on two

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NEWS: Swiss government appeals move to scrap money laundering fine for ex-Credit Suisse chief compliance officer

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LATEST: Swiss court drops case against ex-Credit Suisse compliance chief Lara Warner

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NEWS: Former Credit Suisse compliance officer cleared of money laundering in ‘tuna bonds’ scandal

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NEWS: Swiss police target sanctions evasion network linked to Russian businessmen

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NEWS: Switzerland’s FINMA launches consultation to change AML rules

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NEWS: Switzerland is still a ‘sought-after hub’ for money laundering, says Federal Prosecutor

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NEWS: Swiss bank Lombard and daughter of former Uzbek president accused in money laundering trial

Warning from UBS audit on bank's statements

LATEST: Swiss court shelves case against UBS over Credit Suisse’s actions in Mozambique

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AMLA finalises common formats for FIU cooperation and reporting to the EPPO
AMLA
July 3, 2026
Better reporting to the EPPO
Two of the standards set a single format for reporting to the EPPO, the body that investigates and prosecutes crimes against the EU's financial interests. One covers how FIUs report the results of their own analyses, the other how AMLA reports joint analyses. A shared, machine-readable template will allow the EPPO to receive complete, comparable information it can process automatically.
MAS Partners Industry to develop Safeguards for AI Agents in Finance
MAS
July 3, 2026
Singapore, 3 July 2026… The Monetary Authority of Singapore (MAS), together with leading financial institutions and FinTechs, today published an industry white paper on developing safeguards for AI agents in Finance. Titled “Safeguards for Agentic Finance at Runtime (SAFR) ”, the paper proposes an industry-developed framework that enables AI agents in financial services to carry out financial tasks safely, securely and reliably. SAFR is developed under MAS’ BuildFin.ai^[1] initiative, which supports the responsible development and deployment of AI solutions in the financial sector.
AUSTRAC finalises enforceable undertaking with Sportsbet
Austrac
July 3, 2026
AUSTRAC has finalised its enforceable undertaking with Sportsbet Pty Ltd (Sportsbet) after the company addressed serious deficiencies in its anti-money laundering and counter-terrorism financing (AML/CTF) controls. AUSTRAC CEO Brendan Thomas said the outcome reinforces AUSTRAC’s expectation that reporting entities take immediate and sustained action to meet their legal obligations. “When AUSTRAC identifies systemic weaknesses in a reporting entity’s AML/CTF controls, we will take enforcement action to ensure those issues are addressed,” he said. “Sportsbet was required to undertake significant remediation to uplift its systems, controls and governance. AUSTRAC is now satisfied those requirements have been met.