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Updates 

Stay abreast of the latest important changes!

FINMA Circular 2023/1 Operational risks and resilience – banks






New VAT rates

Normal: 8.1% (instead of 7.7%)

Reduced: 2.6% (instead of 2.5%)


Check this Link from the Swiss Government for more details.









The Federal Department of Economics, Education and Research (EAER) has published an amendment to Annex 8 to the ordinance of March 4, 2022 on measures in connection with the situation in Ukraine


In accordance with the provisions of the regulation, financial intermediaries are required to implement the bans, block the assets of the sanctioned persons and report the affected business relationships to SECO. Reporting to SECO does not release a financial intermediary from carrying out additional investigations in accordance with Art. 6 AMLA if there are suspicions and, if he cannot resolve these, from immediately reporting to the Money Laundering Reporting Office in accordance with Art. 9 of the Money Laundering Act.


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