Compliance News
The UK’s “Failure to Prevent Fraud” Law: Implications for Swiss Compliance Professionals
The UK government has introduced a new corporate criminal offence, the “failure to prevent fraud”, which will come into effect […]
Swiss Commodity Trader Trafigura Faces Landmark Corruption Trial: Insights for Compliance Professionals
A significant corruption trial has begun in Switzerland involving global commodity trading firm Trafigura and three other defendants, including a […]
Strengthening Integrity: Insights from OECD’s Anti-Corruption and Integrity Outlook 2024
The OECD’s “Anti-Corruption and Integrity Outlook 2024″ provides a comprehensive analysis of global efforts to combat corruption and promote integrity. […]
FINMA sanctions Swiss private bank for serious violations of Swiss financial market law
In recent years, Swiss governmental authorities have addressed money laundering issues by amending anti-money laundering (“AML”) legislation and enhancing the […]
Exemptions in connection with the Ordinance on measures in connection with the situation in Ukraine
On 29 November 2024, the State Secretariat for Economic Affairs (SECO) issued a form for applications regarding the release of […]
New Climate and Innovation Act enters into force on 1 January 2025
During its meeting on 27 November 2024, the Federal Council resolved to implement the Climate Protection Ordinance (“CPO”) alongside the Climate and […]
Federal Council amends the Ordinance for Implementing the OECD Minimum Taxation
In September 2024, the Federal Council had already decided to implement the Income Inclusion Rule (IIR) – an international supplementary […]
Changes to Swiss circular economy regulations from 2025
At its meeting on 13 November 2024, the Federal Council decided to implement the legislative amendments from the parliamentary initiative […]
Amendments to the ordinances on in vitro diagnostics and medical devices
In vitro diagnostics (IVDs) are used to analyse biological fluids, secretions, and tissues externally (in vitro). Examples of IVDs encompass […]
European Court of Justice: Competitors can sue over data protection violations
In its ruling of 4 October 2024, the European Court of Justice (“ECJ”) determined that the General Data Protection […]