Switzerland looks to relax AML rules for FinTechs

The Swiss financial regulator is planning to relax anti-money laundering (AML) rules for "small" FinTechs, as part of a drive to promote innovation.

The Swiss Financial Market Supervisory Authority (FINMA) has issued a consultation on proposed changes to the FINMA Anti-Money Laundering Ordinance.

If approved, the changes, which were prompted by a new FinTech licence introduced by the Swiss parliament in June, would mean that small FinTechs will be subject to less onerous AML rules than established organisations.

Click here to view the full article on Hogan Lovells Engage


Download PDF Share Back To Listing
Loading data