Governance & Reporting, Regulation & Supervision, Risk Management

Swiss to hold banks liable on sanction violations

By Giovanni Legorano
Image: Getty Images

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 ...

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