Use of trusts is widespread in English-speaking countries. Foreign trusts are both in demand and in use in Switzerland as well. On 13 March 2019, the National Council debated whether trusts should be included in the Swiss legal framework.
The French data protection authority imposed a fine of 50 million euros against Google for violating the EU’s General Data Protection Regulation (GDPR) principles. What does this decision mean for your business, for your website and for your processes?
Driven by high regulatory requirements and expectations, scandals that have become public, expensive investigations as well as the underlying reputational risks, financial institutions have been investing heavily into their anti-money laundering setups.