On Nov. 18, 2022, the Swiss Federal Councilor received representatives of finance and tech industries, academia, and national authorities at a roundtable in Bern to discuss artificial intelligence applications in the financial sector.
The Swiss Federal Council announced that the National Cybersecurity Centre of the Federal Department of Finance will become a federal office.
U.K. wants beneficial ownership verification, Russian oil giant skirts U.S. sanctions, and more, in the midweek roundup.
Gatehouse Bank fined for AML violations, HMRC targets U.K. corporate services providers with more supervision, and more, in the weekly roundup.
The Office of the Attorney General of Switzerland issued a CHF 4 million penalty against the Swiss company for failing to take necessary and reasonable organizational actions in order to prevent bribery payments to foreign officials in South Africa.
The Office of the Attorney General of Switzerland (OAG) ordered three Swiss subsidiaries of the multinational group SBM Offshore to pay over CHF 7 million for failing to prevent bribery of foreign public officials in Angola, Equatorial Guinea and Nigeria.
|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|