SwitzerlandIn the wake of the Credit Suisse collapse, the Swiss Federal Council published a report on the regulation of systemically important banks and proposed a broad package of measures to reduce risks to the economy, the state, and the taxpayer.
The Federal Council of Switzerland adopted the new EU sanctions regimes with respect to Hamas and the Palestinian Islamic Jihad, Guatemala, and Sudan.
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The Office of the Attorney General of Switzerland announced that the Zürich, Switzerland-based bank was ordered to pay a fine of CHF 750,000 after it was convicted of corporate liability in connection with aggravated money laundering committed by two employees.
The Swiss Financial Market Supervisory Authority, or FINMA, announced that the Geneva, Switzerland-based branch of a large Lebanese banking group was found to have violated anti-money laundering regulations.
| Technical | Effectiveness |
|---|---|
| Compliant : 8 | High : 0 |
| Largely Compliant : 27 | Substantial : 7 |
| Partially Compliant : 5 | Moderate : 4 |
| Non-Compliant : 0 | Low : 0 |
Switzerland's technical compliance was re-rated in a Feb. 13, 2020 follow-up report
| Rank : 68/110 |
| Score : 4.89/10 |
| Rank : 7/180 |
| Score : 84/100 |
| Rank : 3/133 |
| Score : 74/100 |