News, standards updates and audit guidance for crypto-accounting teams, covering reporting, compliance and regulatory developments.
FINMA's new Guidance on product use in individual portfolio management flags rising escalation cases and recurring risk patterns, with direct implications for Swiss asset managers, auditors, and CFOs tracking governance and conduct obligations.
FINMA's enforcement action against Wendelspiess Partners AG exposes systematic conduct failures, undisclosed conflicts of interest, and suitability breaches affecting over 400 clients, with CHF 83m in assets now facing total loss.
FINMA revokes a Swiss fund manager's licence and blocks a portfolio manager's authorisation after uncovering undisclosed conflicts of interest and client suitability failures, confiscating over CHF 3 million in illegal commissions
FINMA's updated Sudan sanctions increase compliance obligations for crypto firms; crypto accounting software is essential for automated screening and audit trails.
FINMA enforcement action underscores the need for robust crypto accounting software to ensure compliance and avoid industry bans.
FINMA's new guidance on portfolio management risks underscores the need for robust crypto sub-ledger software to ensure accurate reporting and compliance.
FINMA's updated Taliban sanctions list reinforces the need for automated compliance tools in crypto accounting to screen transactions and counterparties.
