34 articles
MiCA-driven USDT exit: accounting, treasury, and client-portfolio implications for EEA and Swiss firms
FINMA replaces Circular 2015/2 with a formal LiqO-FINMA ordinance effective 1 January 2027, with operational and reporting implications for Swiss banks, securities firms, and their accounting teams.
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.
Switzerland's SIF sets out where Pillar 1 and Pillar 2 stand today, what is already in force, and what accounting firms and CFOs serving multinational clients must track next.
FINMA endorses the Federal Council's Banking Act revision, pushing for full adoption of preventive supervisory powers and an end to double leverage at systemically important banks
FINMA alerts Swiss financial intermediaries to a UN-driven Sudan sanctions list amendment effective 29 April 2026, triggering immediate asset-freezing, SECO reporting, and parallel GwG AML obligations
FINMA updates Sudan sanctions list in SESAM database, triggering immediate asset-freeze and SECO reporting obligations for Swiss financial intermediaries, including those handling digital assets.
FINMA's 2025 annual supervision report signals tighter scrutiny of crypto custody, operational risk at outsourcing partners, and DLT trading licensing in Switzerland
FINMA relays a UN sanctions committee decision updating the Taliban list in SESAM, triggering immediate asset-freeze and dual-reporting obligations for Swiss financial intermediaries including VASPs.
FINMA supplements its 2023 AML risk analysis guidance after reviewing 30-plus banks and FinIA institutions, flagging persistent gaps in country/client exclusions and methodology, with direct implications for Swiss compliance frameworks.
FINMA alerts Swiss financial intermediaries to updated Taliban sanctions list following a UN committee decision, triggering immediate asset-freezing and reporting obligations under Swiss law
FINMA alerts Swiss financial intermediaries to act on the 16 June 2026 Syria sanctions update: freeze assets, report to SECO, and file AML suspicious activity reports where required
SECO updates the ISIL/Al-Qaida UN sanctions list effective 31 March 2026, triggering immediate asset-freeze, reporting and AML obligations for Swiss financial intermediaries
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 alerts Swiss financial intermediaries to an updated UN sanctions list covering Taliban-linked entities, requiring immediate asset freezes, prohibition enforcement, and dual reporting to SECO and MROS.
FINMA alerts Swiss financial intermediaries to updated Russia sanctions obligations under Annex 8, effective 16 June 2026, including asset freezing and dual SECO/MROS reporting duties
FINMA's April 2026 guidance signals tighter supervisory expectations on digital fraud controls and AML frameworks for Swiss banks, with direct implications for compliance teams and their advisers.
FINMA updates Iran sanctions list effective 14 April 2026: Swiss financial intermediaries must screen against the revised SESAM database, freeze affected assets, and report to SECO and MROS under the Anti-Money Laundering Act.
FINMA alerts Swiss financial intermediaries to a June 2026 Myanmar sanctions list update requiring immediate asset freezes and dual reporting to SECO and the Money Laundering Reporting Office
FINMA alerts Swiss financial intermediaries to updated Russia sanctions under the Ukraine Ordinance, requiring immediate asset freezes and dual SECO/MROS reporting as of 1 April 2026.
SECO updates SESAM sanctions database for ISIL and Al-Qaida designations on 22 May 2026, creating immediate screening obligations for Swiss financial intermediaries and crypto firms.
FINMA's AMLO-FINMA consultation introduces stricter beneficial ownership, embargo, and correspondent banking rules that Swiss financial intermediaries and their advisers must map against current compliance programmes before the 9 June 2026 deadline.
FINMA publishes updated Hamas/PIJ sanctions under SR 946.231.09, requiring Swiss financial intermediaries to freeze assets and report affected relationships to SECO immediately
Switzerland and Croatia have signed a DTA amendment implementing OECD minimum standards on treaty abuse and automatic information exchange, with parliament ratification still pending in both countries.
Switzerland and Belgium sign a protocol amending their bilateral double taxation agreement: what accounting firms and CFOs with cross-border CH-BE exposure need to track before ratification.
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's updated AML guidance emphasizes the need for robust risk analysis; crypto accounting software can automate compliance tracking and reporting.
FINMA's new guidance on portfolio management risks underscores the need for robust crypto sub-ledger software to ensure accurate reporting and compliance.
FINMA enforcement action underscores the need for robust crypto accounting software to ensure compliance and avoid industry bans.
FINMA's appointment of a new head for recovery and resolution signals increased regulatory scrutiny, prompting crypto firms to adopt robust crypto accounting software for compliance.
FINMA's new ordinance on risk diversification will require banks and securities firms to update their crypto asset reporting, creating new compliance demands for accountants and auditors.
Swiss AML revision requires crypto firms to strengthen KYC and transaction monitoring; crypto accounting software can automate compliance.
FINMA's updated Taliban sanctions list reinforces the need for automated compliance tools in crypto accounting to screen transactions and counterparties.
