Swiss to hold banks liable on sanction violationsBy Giovanni Legorano
September 27, 2023
Switzerland is overhauling gaps in its anti-money laundering regulations to hold banks liable if they fail to comply with sanctions.
Under a new draft law unveiled by the government, both domestic and foreign banks operating in the country would face stringent compliance obligations.
The most striking ...
March 27, 2023
The tie-up of Swiss giants UBS and Credit Suisse has the potential to create a banking powerhouse, but the union is also laden with risk. UBS’s arranged marriage to Credit...Read more