SWITZERLAND TRIES AGAIN TO BRING IN KEY AML REFORMS
March 22nd, 2024
The Swiss national government, its Federal Council, is having another attempt at bringing Switzerland’s anti-money laundering law (AMLA) and associated legislation (1) into line with international standards - but once again it is facing stiff opposition from the legal profession.
The last major AMLA revision that took effect on January 1, 2023, had not even been in effect a year, before on August 30 the Federal Council launched a consultation on planned reforms (2) designed to plug the remaining gaps in the regulatory system. Notably the proposal would extend ...
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