The Swiss Financial Market Supervisory Authority (FINMA) has undertaken a significant regulatory restructuring concerning audit oversight. This comprehensive revision involves transitioning existing audit regulations from Circular 2013/3 “Auditing” into a new Regulatory Auditing Ordinance, which fulfills legal requirements under the Financial Market Supervision Act. The primary motivation behind this revision […]
On November 7, 2024, the Swiss Financial Intelligence Public Private Partnership (Swiss FIPPP) initiated its collaborative efforts to combat money laundering and terrorist financing. This groundbreaking partnership brings together fedpol’s Money Laundering Reporting Office Switzerland (MROS) and 12 prominent Swiss financial institutions. The Swiss financial sector, managing nearly a quarter […]
The European Business Organization Law Review (EBOR) has published an interesting article about the needs of reforms in Swiss Legislation regarding human rights toward harmonization with EU Law. The article explores the evolving landscape of Business and Human Rights (BHR) legislation in Switzerland and the European Union, focusing on recent […]
Whistleblowing represents a critical mechanism for exposing organizational misconduct and protecting public interests across various domains. At its core, whistleblowing involves revealing suspected wrongdoing to entities capable of taking meaningful action. While external reporting is possible, most whistleblowers initially choose to report concerns within their own organizations, highlighting the importance […]
The Financial Action Task Force (FATF) has initiated a public consultation process regarding proposed revisions to its Recommendations, specifically aimed at promoting financial inclusion while maintaining effective anti-money laundering and counter-terrorist financing (AML/CFT) measures. These changes are part of FATF’s broader effort to address unintended consequences of existing AML/CFT regulations. […]
