CDB 20: revised code of conduct in the area of the fight against money laundering The SBA has published the revised Agreement on the Swiss banks’ code of conduct with regard to the exercise of due diligence (CDB 20). The now stricter self-regulatory agreement is an important component of the Swiss counter-measures for the fight...Read More

Opening corporate accounts for blockchain companies – Swiss Bankers Association publishes guidelines for its members Basel, 21st September 2018 – The number of blockchain companies in Switzerland has risen sharply. The SBA welcomes this trend and takes a positive view of the high market momentum, as it boosts Switzerland’s attractiveness as a financial centre. Banks...Read More

Federal Council wishes to boost Switzerland’s appeal as a fund location Bern, 05.09.2018 – The Federal Council wishes to improve the appeal of Switzerland as an investment fund location. During its meeting on 5 September 2018, it instructed the Federal Department of Finance (FDF) to draw up a proposal for a corresponding legislative revision by mid-2019. The new...Read More

Blockchain/ICO working group consults sector on its work Bern, 31.08.2018 – The blockchain/ICO working group was appointed at the start of 2018 to review the legal framework and point out any need for action. With the present consultation, the working group is giving the sector the opportunity to comment on the work carried out up to now and...Read More

European Commission warns Member States on ‘golden visas’   The European Commission’s Justice Commissioner has warned EU Member States to be cautious when granting citizenship to third country nationals in exchange for investment. Vera Jourova told the German newspaper Die Welt this week that an increasing number of EU Member States are issuing citizenship to...Read More