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Switzerland Punishes Mirabaud For “Serious” Compliance Violations

Switzerland Punishes Mirabaud For “Serious” Compliance Violations

The regulator said it is not disclosing further details about proceedings or the identities of the three persons concerned. Enforcement proceedings were begun against the Swiss bank in June 2021. The Swiss regulator has barred Mirabaud & Cie from taking on new clients who carry increased money laundering risks until serious compliance failings have been...