A significant part of FINMA’s enforcement activities involves combating money laundering. FINMA is entitled to conduct enforcement investigations if it has reason to believe that supervisory law may have been breached. If FINMA considers that supervisory law has been breached, and there is no other way to restore a normal state of affairs, it will initiate enforcement proceedings.
FINMA will file criminal charges for criminal breaches of supervisory law (especially breaches of the reporting obligation under Art. 9 AMLA or activities without required authorisations).
(From the Annual Report 2020)