To read this content please select one of the options below:

Keeping dirty money and terrorist funds away: The proposed Money Laundering Regulation of the Swiss Federal Banking Commission

Eva H.G. Hüpkes (Head of Regulation, Swiss Federal Banking Commission, Legal Department, Bern 3001, Switzerland; tel: +41 31 323 8962; fax: +41 31 322 6926; e‐mail: eva.huepkes@ebk.admin.ch)

Journal of Financial Regulation and Compliance

ISSN: 1358-1988

Article publication date: 1 December 2002

3324

Abstract

On 9th July 2002, the Swiss Federal Banking Commission (SFBC) published for consultation a proposal for a new SFBC Money Laundering Regulation. The draft regulation proposes stricter rules for banks and securities dealers to prevent money laundering and financing of terrorism and details specific due diligence requirements with respect to business relationships with politically exposed persons. The draft incorporates the lessons drawn from money laundering cases in Switzerland as well as international developments.

Keywords

Citation

Hüpkes, E.H.G. (2002), "Keeping dirty money and terrorist funds away: The proposed Money Laundering Regulation of the Swiss Federal Banking Commission", Journal of Financial Regulation and Compliance, Vol. 10 No. 4, pp. 317-328. https://doi.org/10.1108/13581980210810292

Publisher

:

MCB UP Ltd

Copyright © 2002, MCB UP Limited

Related articles