The poor assessment of the 30 banks is significant because the Alpine nation ranks No. 1 worldwide in wealth management.
“FINMA reviewed risk analyses of over 30 banks in spring 2023,” the report said. “In doing so, it was found that a large number of the risk analyses examined did not meet the basic requirements for such an analysis.”
In essence, the authority suggested many of the banks should do more to fight money laundering, and it provided guidelines — even with a suggested table of categories — for banks to follow. The review “regularly” found that banks had not broken down risks “individually or comprehensively" or that some types of risks relevant to the banks went uncovered. Some banks did not compile key figures on risk exposure to money laundering among their clients.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Regulator's review of over 30 Swiss banks finds shortcomings in money-laundering controlsSwitzerland’s financial markets authority says an in-depth review of more than 30 banks conducted this spring found that “a large number” failed to meet basic requirements for analyzing the risk of money laundering.
Leer más »
Swiss police warn that heat wave increases risk of falling rock, ice in Alpine regionThe European heat wave is increasing the risk of falling rock and ice in Switzerland's Alpine region, according to police. Many mountaineers have fallen victim this year.
Leer más »
Binance Announces Helmet Design Contest in Partnership with Alpine F1 Driver Pierre GaslyThe winning helmet design will be showcased at the prestigious Abu Dhabi Grand Prix Binance, the global blockchain ecosystem behind the world’s leading
Leer más »
Curo Group subsidiary sued by U.S. regulator for 'churning' consumer loans By ReutersCuro Group subsidiary sued by U.S. regulator for 'churning' consumer loans
Leer más »
Microsoft Submits Revised Activision Blizzard Deal to U.K. RegulatorThe new proposal is an effort to win approval for a $75 billion deal to acquire the videogame maker after the competition agency rejected it earlier this year.
Leer más »
US antitrust regulator names Henry Liu to head competition unit By ReutersUS antitrust regulator names Henry Liu to head competition unit
Leer más »