Money laundering and cyber risks remained high in Switzerland, the head of the country’s financial market regulator said on Monday, while there was an increasing risk of individuals and trying to get around financial sanctions on Russia.
Money-laundering risks were increasingly relevant for medium-sized and smaller banks, FINMA CEO Stefan Walter told an event in Zurich.
On Russia-related sanctions, Walter said the likelihood that individuals and companies circumvent sanctions increased the longer a regime lasted.
“Against this backdrop, the associated risks for financial intermediaries increase,” he said.
(Reporting by Ariane Luthi, editing by John Revill)
Copyright 2026 Reuters. Click for restrictions.
Was this article valuable?
Here are more articles you may enjoy.
Taylor Farms, Taco Bell Face Multiple Lawsuits Over Cyclospora Outbreak 
Delta Probing Unauthorized Wi-Fi on Flight After Hacker Event 
Homeowners Insurance Market Reaches ‘Fragmented Phase,’ Says S&P GMI 
Alabama Courthouse Workers Smelled a Rat. Court Must Decide if Insurer Defends Suit 
