Markus Rohner

Markus Rohner

Director, Financial Services

Money laundering: high risk countries also in Europe

The Financial Action Task Force is constantly updating its country risk assessment. Whilst the list of high-risk jurisdictions include the usual suspects, there is surprisingly one European country on the list, making this is another challenge to be tackled by financial intermediaries.
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Revised basis for video and online identification

The FINMA Circular 2016/07 “Video and online identification” has been partially revised in order to stay abreast with the latest technological developments - on the one hand, it has become more stringent, on the other, certain aspects have been relaxed.
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The new AMLO-FINMA – the relevant changes

The new Anti-Money Laundering Ordinance-FINMA will enter into force on 1 January 2020. Affected institutions should deal with the increased requirements at an early stage and not underestimate the effort required for the implementation of individual, tightened obligations.
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CDB 20: Stricter professional standards in the fight against money laundering

Stricter self-regulation is an important building block in the fight against money laundering and terrorist financing. What are the implications of the revised due diligence standards for financial intermediaries?