FINMA publishes special bulletin on money laundering

During 2010 the Swiss Financial Market Supervisory Authority FINMA completed a number of regulatory activities in the area of combating money laundering and terrorist financing. Notable examples include:

  • Circular 2011/1 "Financial intermediation under AMLA", which contains explanatory information concerning the Ordinance on the Professional Practice of Financial Intermediation,
  • the new FINMA Anti-Money Laundering Ordinance, which sets out the duties of financial intermediaries as regards preventing money laundering and terrorist financing,
  • approval and recognition as a minimum standard of the new regulations issued by the Swiss Insurance Association as a self-regulatory organisation,
all of which came into force on 1 January 2011.

For this reason, FINMA is now publishing a special bulletin on money laundering. The aim of FINMA Bulletin 1/2011 is to provide financial market participants with a compilation of the key current regulatory texts governing the combating of money laundering and terrorist financing.

FINMA special bulletins are not normally issued in printed form. The special bulletin on money laundering is therefore only available as an electronic document.