The partially revised Money Laundering Ordinance-FINMA was published

In connection with the revision of the Anti-Money Laundering Act, the Swiss Financial Market Supervisory Authority FINMA has partially revised the Money Laundering Ordinance-FINMA. It will enter into force at the same time as the revised Anti-Money Laundering Act on January 1, 2023. The amendments take into account the most important recommendations of the country report of the Financial Action Task Force (FATF).

Corporate law, financial market lawGuest UserNovember 16, 2022Wicki Partners AGWicki Partners AG, stock corporation law revision, stock corporation law, money laundering, gwg, FINMA

Disbarment: Individual imputability of a breach of supervisory law

To date, there is only a sparse body of case law on the imposition of prohibitions within the meaning of Art. 33 FINMASA. In its ruling 2C_192/2019 of 11 March 2020, the Federal Supreme Court upheld an appeal by FINMA against the contested ruling of the Federal Administrative Court and thus protected the two-year ban imposed by FINMA on a general council of a bank within the meaning of Art. 33 FINMASA.

Corporate Law, Company LawGuest author5 May 2020Wicki Partners AGAMLA, supervisory law, FINMA