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Persistent AML risk analysis shortfall among Swiss banks, FINMA reveals

In response to the findings, the Swiss regulator has published guidance to enhance risk practices.

Article label: Quick Read

Martina Lindberg

A long exposure shows a tram driving past the global headquarters of a Swiss bank.
Photo: Arnd Wiegmann/Getty Images
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Many Swiss banks are falling short in their money-laundering risk analysis, new findings from The Swiss Financial Market Supervisory Authority, FINMA, show.

During spring 2023, FINMA found repeated shortcomings around the money-laundering risk analysis during on-site supervisory reviews at over 30 banks. “A large number of the risk analyses examined

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