The Swiss Financial Market Supervisory Authority (“FINMA”) has published guidance on money laundering risk analysis.
The report is designed to provide transparency on FINMA’s observations and experiences following supervisory evaluations.
- Money laundering risk tolerance;
- Money laundering risk analysis, including the risks to be considered and legislative requirements; and
- Global monitoring of money laundering risks.
Firms with operations in or with exposure to Switzerland should view the FINMA guidance and take any appropriate action.