The Swiss Federal Council started the consultation procedure on amendments to the Anti-Money Laundering Act (AMLA). The consultation will last until 21 September 2018.
Based on the recommendations made by the Financial Action Task Force after the fourth review of Switzerland in 2016, the Swiss Federal Department of Finance prepared this consultation draft which also reinforces the integrity of the Swiss financial centre:
Together with the opening of consultation, the interdepartmental coordinating group on combating money laundering and the financing of terrorism (CGMF) published its report on the risks of money laundering for legal entities, which analyses the risks associated with various legal forms and reinforces the draft’s proposed measures as mentioned above.
Sources: Swiss Federal Council
With the fast growth of China’s economy and the continuous improvement of the comprehensive strength of domestic enterprises, as well as the implementation of the “One Belt, One Road” policy, an increasing amount of Chinese enterprises are beginning to expand their global footprint and establish their presence in Europe.
TPA Global has developed a practical roadmap of 6 steps meant to guide CFOs in their Journey of rising above troubles to reach a situation of full control. These steps are presented in a series of short video clips (3-5 minutes):