Financial Services

Love it or hate it, we insurance practitioners cannot avoid digitalization

Digitalization helps us manage our business better. It helps us to be more efficient and effective. And most importantly, it helps us serve our customers in a friendlier way.

La nouvelle OBA-FINMA – changements importants

La nouvelle ordonnance de la FINMA contre le blanchiment d’argent entrera en vigueur dès le 1er janvier 2020. Les institutions affectées devraient déjà analyser les exigences supplémentaires et ne pas sous-estimer les efforts qui seront requis pour intégrer ces obligations de diligence plus strictes.

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?

Are you up to speed with the FX Global Code?

Many of Switzerland’s banks haven’t yet adopted the FX Gobal Code. But the tide is changing. Some regulators such as the Swiss National Bank recently signed a Statement of Commitment to the FX Global Code and announced its expectation that its counterparties do the same.
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Detecting and preventing financial crime – a huge challenge for Swiss banks

The global significance of the Swiss financial center has made it a focus of efforts to combat organized crime and money laundering. Banks and public authorities are finding themselves faced with a variety of challenges as a result. A new study by KPMG identifies areas where action needs to be taken.