FINMA issued the final text of its partial anti-money-laundering ordinance revision on 10 November, with effect from 1 January 2027. Revised bank due diligence standards and self-regulatory rules for insurers start on the same date. Those two sets of self-regulation each have a four-month transition.
After consultation, FINMA clarified that Article 37(5) applies to customers with direct access to a correspondent bank's accounts. Its explanatory notes cover ownership and control transparency, risk-based documentation and how to apply transaction monitoring when addressing the Embargo Act. FINMA issued separate guidance on supervision of advisory services newly within the scope of Swiss anti-money laundering law.
Sources FINMA · TradeInformer
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