Finance
Switzerland revamps anti-money laundering rules, clarifies oversight standards for foreign bank transactions
Swiss financial authorities will revise anti-money laundering rules from next year, updating customer due diligence and transaction monitoring standards for banks and insurers. The changes focus on improving transparency of corporate ownership structures and clarifying oversight standards for transactions with foreign banks and some advisory services. FINMA published the final partial revision of its AMLO-FINMA ordinance, reflecting updated legislation and an ordinance of the Federal Council, and it will take effect on Jan. 1, 2027.
