On 20 August 2026 FINMA published a short notice reminding supervised financial intermediaries that the Federal Council had, the day before, adopted the further measures of the European Union’s 20th Russia sanctions package. The FINMA Russia sanctions notice points to a decision taken on 19 August 2026, with the new Swiss measures entering into force…
On 6 August 2026 the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) opened a voluntary survey asking electronic money institutions (EMIs) and payment service providers (PSPs) about their experience with the central contact point framework, and the window closes on 15 September 2026. The CSSF relayed the exercise to the Luxembourg…
FINMA’s updated Iran sanctions notification of 18 August 2026 marks a precise moment on the clock. At 23:00 that evening, an amendment to Annexes 12, 13 and 14 of the Ordinance of 12 December 2025 on measures against the Islamic Republic of Iran (SR 946.231.143.6) took effect. The Federal Department of Economic Affairs, Education and…
On 12 August 2026, FINMA published two sanctions notifications on the same day: one on Switzerland’s Ukraine ordinance (SR 946.231.176.72) and one on its Moldova ordinance (SR 946.231.156.5). Both notices concern EAER amendments made on 10 August 2026. SECO and Fedlex state that the measures entered into force at 23:00 on 11 August 2026. The…
On 31 July 2026, SECO adjusted SESAM, the sanctions database that Swiss financial intermediaries screen against, to reflect a 30 July 2026 decision by the responsible UN Sanctions Committee that amended the list attached to the Taliban sanctions ordinance (SR 946.231.07). FINMA flagged the change in a supervisory notice on 4 August 2026. For a…
On 1 July 2026 the United Kingdom took over the two-year Presidency of the Financial Action Task Force and used its first day to launch the FATF 2026-2028 Roadmap on Combatting Fraud. The launch event, opened by the incoming FATF President Giles Thomson and supported by Executive Secretary Violaine Clerc, set fraud as one of…
On 8 July 2026 the Financial Action Task Force published a global stocktake of public-private partnerships for fighting illicit finance, and the message to reporting teams is blunt: the data that would expose a laundering network usually sits in fragments across separate banks, payment firms and law enforcement files, and criminals move faster than any…
The EBA published a draft technical package for version 4.4 of its reporting and disclosure framework on 24 July 2026, and the comment window is short: feedback on the package and the accompanying glossary closes on 24 August 2026. This early release of the EBA reporting framework 4.4 is a feedback-stage view of the Data…
On 9 July 2026 the European Banking Authority published the final technical package for version 4.3 of its supervisory reporting framework, and with it two build deadlines that reporting teams can no longer treat as roadmap items. The EBA reporting framework 4.3 package carries the standard specifications for two separate obligations: supervisory reporting by third-country…
A cross-border payment is held due to incomplete beneficiary information. The originator name is present, the amount is present, but the beneficiary field is a single block of free text that the receiving institution’s screening engine cannot parse into a name, a country and a town. The transfer is held, a customer complains, and an…