The Swiss Federal Council announced the implementation of the European Union’s 12th package of sanctions against Russia for its ongoing military aggression against Ukraine.
The Office of the Attorney General of Switzerland filed an indictment against two individuals for allegedly having provided financial support to the Islamic State of Iraq and the Levant, a proscribed terrorist organization.
OFAC blacklists Iranian procurement network, AML breaches cost Spanish bank, and more, in the weekly roundup.
The Swiss Financial Market Supervisory Authority, also known as Finma, reiterated calls to lawmakers Tuesday to furnish the agency with new power to impose monetary penalties and name and shame companies that breach regulations.
The Financial Market Supervisory Authority concluded enforcement proceedings against the Zurich, Switzerland-based financial institution and its legal successor for systematically violating financial market law in the context of its business relationship with Archegos Capital Management.
The Office of the Attorney General of Switzerland ordered the Prilly, Switzerland-based company to pay CHF 81 million after it was convicted of corporate criminal liability in connection with employees bribing public officials in Brazil, Colombia and Venezuela.
|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