Finma

“All other options were more risky for the state,” says Switzerland's Finance Minister Karin Keller-Sutter

“All other options were more risky for the state,” says Switzerland's Finance Minister Karin Keller-Sutter

(Dec 21): Swiss financial watchdog FINMA said on Thursday the Swiss subsidiary of US bank JPMorgan had committed serious anti-money laundering breaches in relation to Malaysian sovereign wealth fund 1MDB.

SINGAPORE (April 4): Swiss financial watchdog FINMA investigated more than twice as many breaches of anti-money laundering rules in 2016 as it did a year earlier, the supervisory body said on Tuesday.

SINGAPORE (Feb 2): Finma, the Swiss financial market supervisory authority, says Coutts & Co had breached money laundering regulations after failing to carry out background checks on the business dealings and transactions of 1Malaysia Development Berhad (

ZURICH (Oct 12): Swiss federal prosecutors have opened criminal proceedings against Zurich-based Falcon Private Bank for allegedly failing to prevent suspected money laundering linked to 1MDB, the scandal-hit Malaysian state fund, prosecutors said on Wedn