The Swiss Financial Market Supervisory Authority concluded a supervisory investigation and enforcement proceeding against the Credit Suisse Group for seriously violating its obligations under the Anti-Money Laundering Act in connection with loans it made to state-owned companies in Mozambique.
The Federal Tax Administration of Switzerland announced that the Automatic Exchange of Information, a framework based on global standards, resulted in 96 countries exchanging information on financial accounts.
U.S. lawmakers want AML rules for lawyers and real estate agents, Justice Department plans more corporate prosecutions, and more, in the weekly roundup.
U.S. lawmakers plan AML rules for lawyers and accountants, U.S. beneficial-ownership exemptions create gaps for financial crime, and more, in the midweek roundup.
The Swiss Financial Market Supervisory Authority announced that it has found the Lugano, Switzerland-based bank in serious breach of the anti-money laundering requirements in connection with Venezuelan client relationships.
The Swiss Financial Market Supervisory Authority issued a reprimand against the Geneva, Switzerland-based private bank for breaches of the due diligence requirements under the anti-money laundering regulations.
|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 : 93/141|
|Score : 4.74/10|
|Rank : 4/180|
|Score : 85/100|
|Rank : 3/133|
|Score : 74/100|