Skip to Primary Navigation

Skip to main content

Swiss regulator orders Julius Baer to pay $5m over serious AML violations

Directions (Merging), a new digital artwork by Mohammed Kazem, commissioned by Julius Baer and debuting at Art Dubai is seen on Day 1 of Art Dubai 2025 at Madinat Jumeirah Conference and Events Centre on April 15, 2025 in Dubai, United Arab Emirates.
Digital artwork commissioned by Julius Baer. Photo: Getty Images

Jean Hurley

1 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

This latest action by FINMA serves as a reminder to all financial institutions of the critical importance of adhering to AML regulations and maintaining rigorous due diligence processes.

Swiss financial market regulator, FINMA, has ordered Julius Baer to pay SFr4m ($5m) for serious breaches of AML and compliance regulations, according to reports in the FT. The investigation revealed that the bank failed to adequately identify or act upon suspicious transactions involving high-risk clients between 2009 and 2019.

FINMA concluded

, , , ,