August 2025 Regulatory Updates

Consumer Credit Banking & Credit

🇮🇪 CBI Warning high

August 27th 2025

Uniq Loan Financial - Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Topics:

Authorisation & Licensing Consumer Protection / Conduct

FintechAll Firms

Investment Management Wealth & Private Banking Capital Markets & Trading

🇮🇪 CBI Warning high

August 27th 2025

CFD Trades 24 – Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Topics:

Authorisation & Licensing Consumer Protection / Conduct AML / Financial Crime

Broker DealerWealth ManagerFintech

Banking & Credit Investment Management Wealth & Private Banking

🇮🇪 CBI Warning high

August 27th 2025

BW Financial Services (Clone) - Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Topics:

AML / Financial Crime Consumer Protection / Conduct Authorisation & Licensing

BankWealth ManagerFintech

🇮🇪 CBI Warning high

August 27th 2025

Coinhive - Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Authorisation & Licensing Consumer Protection / Conduct

Topics:

Crypto Exchange

Capital Markets & Trading Crypto & Digital Assets

🇺🇸 CFTC News medium

August 26th 2025

Commissioner Kristin Johnson Announces Departure from CFTC

No description available.

Sectors:

Topics:

Authorisation & Licensing Senior Managers / Governance

Broker DealerCrypto Exchange

Banking & Credit Investment Management Wealth & Private Banking

🇬🇧 BoE Speech

August 26th 2025

Five ‘C’s for Central Bank Research − speech by Catherine L. Mann

Given at The Future of Central Banking conference on the occasion of the 100th Anniversary, Banco de México

Sectors:

Topics:

Prudential / Capital Requirements Operational Resilience / Outsourcing Technology & Cyber

BankAsset ManagerWealth Manager

Banking & Credit Investment Management Wealth & Private Banking

🇨🇭 FINMA News medium

August 26th 2025

Aktualisierte Sanktionsmeldung: ISIL (Da'esh) / Al-Kaida

Das Staatssekretariat für Wirtschaft (SECO) hat eine Änderung der Verordnung vom 21. März 2025 über Massnahmen gegenüber Personen und Organisationen, die mit den Organisationen ISIL (Da'esh) und Al-Kaida in Verbindung stehen (SR 946.231.08) publiziert.

Sectors:

Topics:

AML / Financial Crime Prudential / Capital Requirements Reporting & Disclosure

BankWealth ManagerAll Firms

🇮🇪 CBI Warning high

August 25th 2025

Pionew Ireland (Clone) - Central Bank of Ireland Issues Warning on Unauthorised / Unregistered Firm

Sectors:

AML / Financial Crime Authorisation & Licensing

Topics:

Crypto Exchange

Consumer Credit Banking & Credit

🇮🇪 CBI Warning high

August 25th 2025

Caventer Finance - Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing

FintechAll Firms

Banking & Credit Payments & E-Money

🇮🇪 CBI Warning high

August 25th 2025

Clearbnk (Clone) – Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing

BankFintech

🇮🇪 CBI Warning high

August 25th 2025

Cryptocom (Clone) – Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Authorisation & Licensing Consumer Protection / Conduct AML / Financial Crime

Topics:

Crypto ExchangeFintech

🇮🇪 CBI Warning high

August 25th 2025

Bemo Investment Firm Ltd (Clone)– Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Consumer Protection / Conduct Authorisation & Licensing

Topics:

Asset ManagerWealth Manager

🇮🇪 CBI Enforcement medium

August 25th 2025

Monument Financial Group - Central Bank of Ireland Issues Warning on Unauthorised Firm

Warning Unauthorised Investment Firm / Unauthorised Investment Business Firm Unauthorised Firm Name Monument Financial Group Website https://monumentfg.com/ Email addresses used admin@monumentfg.com [name].[surname]@monumentfg.com Phone number used +353 81 800 5284 Authorisation in Ireland This firm is not authorised to provide investment services in Ireland. Notes: Any person wishing to contact the Central Bank with information regarding such firms / persons may telephone (01) 224 5800 or re...

AI Analysis

The Central Bank of Ireland (CBI) has issued a warning notice under section 53 of the Central Bank (Supervision and Enforcement) Act 2013, identifying **Monument Financial Group** as an unauthorised firm providing investment services in Ireland without authorisation. This matters for compliance professionals because it underscores the CBI's proactive enforcement against unauthorised activity, heightens scam awareness, and signals risks of consumer harm, regulatory referrals to An Garda Síochána, and potential enforcement against facilitating parties.[https://www.centralbank.ie/news/article/monument-financial-group---central-bank-of-ireland-issues-warning-on-unauthorised-firm]

Sectors:

Authorisation & Licensing Consumer Protection / Conduct

Topics:

Wealth ManagerAll Firms

Prudential / Capital Requirements

🇸🇬 MAS Consultation high

August 25th 2025

ID 10/25 Response to Consultation Paper on Proposed Equity Counter-Cyclical Adjustment for Insurers

Informs insurers on the issuance of the Response to Consultation Paper on Proposed Equity Counter-Cyclical Adjustment for Insurers.

AI Analysis

The Monetary Authority of Singapore (MAS) has finalized its **equity counter-cyclical adjustment (CCA)** framework for insurers, making it a mandatory requirement under the RBC 2 capital framework effective January 1, 2026. This regulatory enhancement aims to reduce procyclicality in equity investment risk requirements by adjusting capital charges based on market conditions, requiring all licensed insurers to implement uniform CCA calculations using monthly average year-on-year equity returns.

What Changed

*Mandatory CCA Implementation MAS will proceed with introducing the CCA as a mandatory requirement across all insurers. This eliminates discretionary application and prevents selective opt-in/opt-out behavior during market cycles. The framework incorporates an upward adjustment of +5%** during periods of market exuberance. *Methodology Refinement Following industry feedback, MAS modified the calculation methodology from daily year-on-year (YoY) returns to monthly average YoY returns**.

What You Need To Do

*Immediate Compliance Steps (by January 1, 2026)
*System Implementation – Develop or modify capital calculation systems to incorporate monthly average YoY equity return calculations
*Data Infrastructure – Establish daily equity return tracking mechanisms and monthly aggregation processes
*Policy Documentation – Update internal capital management policies to reflect mandatory CCA application
*Governance Alignment – Ensure board and senior management understand the mandatory nature and cannot exercise discretion to opt out during market stress

Key Dates

27 March 2025 – MAS issued original consultation paper on proposed equity CCA

28 April 2025 – Consultation period closed

25 August 2025 – MAS published response to consultation feedback

1 January 2026 – **Effective implementation date for equity CCA**

08 December 2025 – Last revision date for related Notices 133 and FHC-N133

Compliance Impact

Urgency: HIGH

References

Sectors:

Insurance & Pensions

Topics:

Insurance

Investment Management Wealth & Private Banking Capital Markets & Trading

🇮🇪 CBI Warning high

August 21st 2025

Clermont Meridian Trading - Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Topics:

Authorisation & Licensing Consumer Protection / Conduct AML / Financial Crime

Broker DealerWealth ManagerFintech

Banking & Credit Investment Management Wealth & Private Banking

🇮🇪 CBI Warning high

August 21st 2025

Northern Trust Fund Managers (Ireland) Ltd (Clone) - Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Topics:

AML / Financial Crime Consumer Protection / Conduct Authorisation & Licensing

BankWealth ManagerAsset Manager

🇮🇪 CBI Warning high

August 21st 2025

TD Global Company (Clone) - Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Consumer Protection / Conduct Authorisation & Licensing

Topics:

Wealth ManagerFintech

🇮🇪 CBI Warning high

August 21st 2025

Ackerman & Foster LLP - Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Authorisation & Licensing Consumer Protection / Conduct

Topics:

Wealth ManagerBroker Dealer

🇮🇪 CBI Warning high

August 21st 2025

Investment Peak - Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Consumer Protection / Conduct Authorisation & Licensing

Topics:

Asset ManagerWealth Manager

Investment Management Payments & E-Money Crypto & Digital Assets

🇮🇪 CBI Warning high

August 21st 2025

GasTrade - Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Topics:

AML / Financial Crime Consumer Protection / Conduct Authorisation & Licensing

FintechPayment ProviderCrypto Exchange

Investment Management Wealth & Private Banking Crypto & Digital Assets

🇮🇪 CBI Warning high

August 21st 2025

Beta-Tech - Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Topics:

AML / Financial Crime Consumer Protection / Conduct Authorisation & Licensing

FintechCrypto Exchange

Banking & Credit Wealth & Private Banking

🇮🇪 CBI Warning high

August 21st 2025

KPMG Ireland (Clone) - Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Topics:

AML / Financial Crime Consumer Protection / Conduct Authorisation & Licensing

BankWealth Manager

🇮🇪 CBI Warning high

August 21st 2025

VintageFXsignals - Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Authorisation & Licensing Consumer Protection / Conduct

Topics:

Wealth ManagerFintech

Banking & Credit Investment Management Payments & E-Money

🇨🇭 FINMA Enforcement critical

August 19th 2025

Aktualisierte Sanktionsmeldung: Islamischen Republik Iran

Das Eidgenössische Departement für Wirtschaft, Bildung und Forschung WBF hat eine Änderung des Anhangs 7 der Verordnung vom 11. November 2015 über Massnahmen gegenüber der Islamischen Republik Iran (SR 946.231.143.6) publiziert.

AI Analysis

On August 18, 2025, the Swiss State Secretariat for Economic Affairs (WBF) published an updated sanctions notification regarding Iran, specifically modifying Annex 7 of the Ordinance on Measures against the Islamic Republic of Iran (SR 946.231.143.6). This update is critical for Swiss financial institutions and businesses because it reflects the evolving sanctions landscape following the automatic reinstatement of UN Security Council resolutions on Iran's nuclear program in September 2025.

Sectors:

Topics:

AML / Financial Crime Reporting & Disclosure Operational Resilience / Outsourcing

BankAsset ManagerPayment Provider

Banking & Credit Wealth & Private Banking Payments & E-Money

🇨🇭 FINMA Enforcement high

August 19th 2025

Aktualisierte Sanktionsmeldung: Lybien

Das Staatssekretariat für Wirtschaft (SECO) hat eine Änderung der Liste der sanktionierten natürlichen Personen, Unternehmen und Organisationen der Verordnung vom 30. März 2011 über Massnahmen gegenüber Libyen (SR 946.231.149.82) publiziert.

AI Analysis

This FINMA publication announces an update by Switzerland's State Secretariat for Economic Affairs (SECO) to the sanctions list under the Ordinance of 30 March 2011 on Measures against Libya (SR 946.231.149.82), aligning Swiss sanctions with changes in the UN Libya sanctions regime. It matters for Swiss financial institutions as it triggers immediate screening and compliance obligations to avoid violations of asset freeze and related restrictions on designated persons, entities, or organizations. Failure to act promptly risks enforcement by FINMA.

What Changed

The core change is an amendment to the list of sanctioned natural persons, companies, and organizations in SR 946.231.149.82, as published by SECO. This reflects broader UN Security Council updates via Resolution 2769 (2025), which introduced new designation criteria for individuals/entities supporting armed groups or criminal networks through illicit exploitation/export of crude oil or refined petroleum from Libya, alongside exemptions for certain arms embargo activities, allowances for Libyan Investment Authority (LIA) frozen cash investments in low-risk deposits, and extensions of related...

What You Need To Do

Screen immediately
Freeze assets
Cease dealings
Update systems
Monitor related flows

Key Dates

Immediate upon publication (19 August 2025) - Swiss firms must implement updated sanctions list screening and freeze applicable assets/transactions per FINMA/SECO requirements (https://www.finma.ch/en/news/2025/08/20250819-sr-946-231-149-82/). DEADLINE

1 May 2026 - Expiration of UN authorizations/measures on illicit petroleum exports from Libya (Resolution 2769).

15 May 2026 - End of UN Panel of Experts mandate monitoring Libya sanctions.

Compliance Impact

Urgency: High - Immediate action required due to asset freeze obligations; non-compliance risks FINMA fines, reputational damage, or criminal liability under Swiss AML/sanctions laws. This matters amid evolving geopolitical risks (e.g., petroleum smuggling destabilizing Libya), as flagged in FINMA's 2025 Risk Monitor on sanctions evasion via financial flows (https://www.swlegal.com/en/insights/newsletter-detail/finma-risk-monitor-2025-finma-flags-nine-principal/). Firms with Libyan exposure face elevated audit scrutiny.

References

Sectors:

Topics:

BankWealth ManagerPayment Provider

Banking & Credit Investment Management Wealth & Private Banking

🇨🇭 FINMA Enforcement high

August 19th 2025

Aktualisierte Sanktionsmeldung: Südsudan

Das Staatssekretariat für Wirtschaft (SECO) hat eine Änderung des Anhangs 2 der Verordnung vom 12. August 2015 über Massnahmen gegenüber der Republik Südsudan (SR 946.231.169.9) publiziert.

AI Analysis

FINMA has published an update notifying financial intermediaries of changes to Annex 2 of the Ordinance on Measures against the Republic of South Sudan (SR 946.231.169.9), as announced by SECO on August 18, 2025, effective August 20, 2025. This matters because it imposes immediate asset freeze and transaction ban obligations on Swiss financial institutions with exposure to newly or modified sanctioned entities, aligning with UN Security Council Resolution 2206 (2015) and EU measures to address South Sudan's ethnic conflict, human rights violations, and humanitarian crisis. Compliance failure risks enforcement actions under the Embargo Act (EmbG) and AML regulations (GwG).

What Changed

SECO amended Annex 2 of the Ordinance, likely adding, removing, or modifying listings of sanctioned persons, companies, or organizations related to South Sudan. The update requires implementation of prohibitions (e.g., no new business), asset freezing for listed parties, and reporting of affected relationships to SECO. Changes stem from ongoing enforcement of UN and EU sanctions, with Switzerland implementing via the Embargo Act; Annexes are dynamically updated.

What You Need To Do

Screen client portfolios, transactions, and relationships against the updated SESAM database and Annex 2 via FINMA's website or MyFINMA portal
Freeze assets of newly listed parties without delay; block prohibited transactions
Report affected business relationships to SECO promptly; conduct additional GwG Art
Update internal sanctions screening systems and train staff; document compliance for audit trails

Key Dates

18.08.2025 - SECO publishes amendment to Annex 2.

19.08.2025 - FINMA issues public notification of the update.

20.08.2025 - Amendment enters into force; asset freezes and prohibitions apply immediately.

Compliance Impact

Urgency: High - Immediate effect from August 20, 2025, mandates asset freezes and reporting with no grace period, exposing non-compliant firms to FINMA enforcement, fines, or reputational damage under EmbG and GwG. South Sudan sanctions are niche but cumulative updates (e.g., similar to Sudan changes) heighten screening fatigue risks; firms with Africa desks must prioritize to avoid inadvertent violations amid dynamic listings.

References

Sectors:

Topics:

BankAll Firms

Banking & Credit Investment Management Wealth & Private Banking

🇨🇭 FINMA Enforcement high

August 19th 2025

Aktualisierte Sanktionsmeldung: Sudan

Das Eidgenössische Departement für Wirtschaft, Bildung und Forschung (WBF) hat den Anhang 2 der Verordnung vom 25. Mai 2005 über Massnahmen gegenüber Sudan (SR 946.231.18) geändert.

AI Analysis

The Swiss Federal Department of Economic Affairs, Education and Research (WBF) has amended Annex 2 of the Ordinance of May 25, 2005, on Measures against Sudan (SR 946.231.18), updating Switzerland's sanctions list in alignment with the SESAM database managed by SECO. This change, effective immediately on a urgent basis, requires Swiss financial intermediaries to implement updated asset freezes and transaction restrictions without delay, heightening compliance risks amid ongoing international sanctions escalation on Sudan-related actors. It matters because non-compliance exposes firms to FINMA enforcement, reputational damage, and penalties under anti-money laundering and sanctions regimes.

Sectors:

Topics:

BankWealth ManagerAll Firms

Banking & Credit Payments & E-Money Crypto & Digital Assets

🇱🇺 CSSF Enforcement high

August 18th 2025

Circular CSSF 25/896

Adoption of the EBA Guidelines on internal policies, procedures and controls to ensure the implementation of Union and national restrictive measures (sanctions)

AI Analysis

Circular CSSF 25/896 adopts the EBA Guidelines EBA/GL/2024/14 and EBA/GL/2024/15, mandating Luxembourg financial institutions to establish robust internal policies, procedures, and controls for complying with EU and national restrictive measures (sanctions). This matters because it sets binding EU-wide standards to prevent sanctions violations and circumvention, with absolute obligations for immediate asset freezing and reporting, amid escalating geopolitical tensions.

What Changed

Institutions must develop, implement, and maintain up-to-date policies, procedures, and controls for identifying, investigating, and applying restrictive measures without delay, including risk management for violations and circumvention. Management body responsibilities expanded: approve sanctions compliance strategy, oversee implementation, conduct at least annual assessments of exposure and controls, ensure remedial actions, and report deficiencies. Screening and monitoring requirements: Maintain updated sanctions lists with immediate integration of changes; screen customer base,...

What You Need To Do

Conduct annual exposure assessments to sanctions risks and circumvention; update policies accordingly
Appoint senior management/board-level responsibility for approving and overseeing sanctions strategy, including annual reviews and deficiency reporting
Implement reliable screening systems for customers, transactions, and lists; define screenable datasets; test systems regularly for effectiveness (e
Provide documented training to relevant staff on sanctions, institutional exposure, and internal processes
Establish processes for immediate action on matches: suspend transfers, freeze assets, report to Ministry of Finance/CSSF/FIU without delay; maintain whitelists only under strict conditions

Compliance Impact

Urgency: High – With less than 12 months until the 30 December 2025 deadline (as of January 2026), firms face binding requirements for absolute compliance, including personal accountability for management bodies; non-compliance risks enforcement by CSSF, reputational damage, and fines amid frequent EU sanctions updates (e.g., Regulations 2025/1469, 2025/1476). This elevates sanctions from operational task to strategic board priority.

References

Sectors:

Topics:

AML / Financial Crime Senior Managers / Governance Reporting & Disclosure

BankPayment ProviderCrypto Exchange

Banking & Credit Investment Management Wealth & Private Banking

🇪🇺 ECB News medium

August 15th 2025

List of supervised entities – cut-off date 1 July 2025

No description available.

Sectors:

Topics:

Prudential / Capital Requirements Reporting & Disclosure Authorisation & Licensing

BankAsset ManagerWealth Manager

Banking & Credit Investment Management Wealth & Private Banking

🇨🇭 FINMA News medium

August 13th 2025

Sanktionen: Harmonisierung von Sanktionsverordnungen

No description available.

Sectors:

Topics:

AML / Financial Crime Prudential / Capital Requirements Reporting & Disclosure

BankWealth ManagerAsset Manager

Banking & Credit Payments & E-Money Investment Management

🇨🇭 FINMA Enforcement critical

August 13th 2025

Aktualisierte Sanktionsmeldung: Republik Irak

Das Staatssekretariat für Wirtschaft (SECO) hat eine Änderung des Anhangs der Verordnung vom 7. August 1990 über Wirtschaftsmassnahmen gegenüber der Republik Irak (SR 946.206) publiziert.

AI Analysis

The Swiss State Secretariat for Economic Affairs (SECO) published an updated sanctions notification on August 13, 2025, reflecting modifications to the UN sanctions list targeting Iraq under the Ordinance of August 7, 1990 (SR 946.206). This update is automatically applicable in Switzerland and requires immediate compliance by all financial institutions and regulated entities, as Switzerland implements UN Security Council sanctions lists without delay through its automatic application framework.

What Changed

The UN Sanctions Committee modified the list of sanctioned individuals, companies, and organizations subject to Iraq-related sanctions on August 5, 2025. The specific modifications to the sanctions list were incorporated into Switzerland's SESAM database (SECO Sanctions Management), which serves as the authoritative sanctions reference for Swiss compliance purposes. Under Switzerland's automatic application ordinance adopted by the Federal Council on March 4, 2016, amendments to UN Security Council sanctions lists enter into force in Switzerland without delay.

What You Need To Do

*Update screening systems immediately - Integrate the August 5, 2025 modifications into transaction monitoring and customer due diligence systems
*Review existing customer relationships - Screen all current customers, counterparties, and beneficial owners against the updated SESAM database
*Audit transaction history - Identify any transactions processed between August 5-13, 2025 that may have involved newly sanctioned parties
*Document compliance procedures - Maintain records demonstrating implementation of updated sanctions screening
*Train compliance staff - Ensure all relevant personnel understand the updated sanctions list and screening requirements

Key Dates

August 5, 2025 - UN Sanctions Committee decision modifying the Iraq sanctions list

August 13, 2025 - SECO published the updated sanctions notification and SESAM database modifications

Immediate - Effective date in Switzerland (automatic application upon UN modification)

Compliance Impact

Urgency: CRITICAL

References

Sectors:

Topics:

AML / Financial Crime Reporting & Disclosure Operational Resilience / Outsourcing

BankPayment ProviderAll Firms

Banking & Credit Investment Management Payments & E-Money

🇨🇭 FINMA Enforcement high

August 13th 2025

Aktualisierte Sanktionsmeldung: Belarus

Das Eidgenössische Departement für Wirtschaft, Bildung und Forschung WBF hat eine Änderung der Anhänge 5, 13, 14 und 15 der Verordnung über Massnahmen gegenüber Belarus (SR 946.231.116.9) publiziert.

AI Analysis

The Swiss Federal Department of Economic Affairs, Education and Research (WBF) published updates to Annexes 5, 13, 14, and 15 of the Ordinance on Measures against Belarus (SR 946.231.116.9), aligning Switzerland with additional EU sanctions imposed on July 18, 2025, in response to Belarus's involvement in Russia's war against Ukraine. This matters for Swiss financial institutions as it expands asset freezes, reporting obligations, and prohibitions, strengthening sanctions parity with Russia to prevent circumvention and enhance enforcement effectiveness.

What Changed

The updates amend Annexes 5, 13, 14, and 15 of SR 946.231.116.9, incorporating EU measures beyond the 18th Russia sanctions package, focusing on goods, financial, and energy sectors. Specific enhancements include expanded lists of sanctioned goods for military/technological strengthening (Annex 3 updated 29.10.2025), high-priority goods (Annex 11a), and industrial strengthening goods (Annex 19).

What You Need To Do

Screen clients, assets, and transactions against updated Annexes 5, 13-15, and related lists (e
Conduct GwG Art
Cease prohibited activities
Update internal screening tools, policies, and training; monitor SECO/FINMA websites for ongoing Anhänge updates
For trade/energy firms

Key Dates

30 October 2025 - New provisions from Bundesrat decision on 29 October 2025 enter into force, requiring immediate implementation of updated Belarus measures.

13 December 2025 - Expansions to sanctions lists for Russia/Belarus (including 22 persons, 42 entities, 116 ships, 45 trade firms, 5 banks) take effect.

15 September 2025 - Harmonization of financial sanctions across multiple regimes (including Belarus) enters into force, clarifying fund crediting on blocked accounts and reporting.

12 December 2025 - Publication of list expansions by WBF/SECO.

Compliance Impact

Urgency: High - Immediate effect from 30 October 2025 demands swift asset screening and reporting to avoid GwG/EmbG violations, with heightened FINMA scrutiny amid Russia-Belarus alignment and recent list expansions (e.g., December 2025). Non-compliance risks enforcement, reputational damage, and sanctions evasion facilitation penalties, especially as circumvention via third countries rises.

References

Sectors:

Topics:

BankWealth ManagerPayment Provider

Banking & Credit Investment Management Wealth & Private Banking

🇨🇭 FINMA Enforcement high

August 13th 2025

Aktualisierte Sanktionsmeldung: Moldau

Das Eidgenössische Departement für Wirtschaft, Bildung und Forschung WBF hat eine Änderung des Anhangs der Verordnung vom 28. Juni 2023 über Massnahmen betreffend Moldau (SR 946.231.156.5) publiziert.

AI Analysis

The Swiss Federal Department of Economic Affairs, Education and Research (WBF) published an update to Annex of the Ordinance on Measures concerning Moldova (SR 946.231.156.5) on August 11, 2025, expanding the sanctions list for Moldova-related destabilizing activities. This matters for Swiss financial intermediaries as it imposes immediate asset freeze and reporting obligations under the Embargo Act (EmbG) and Anti-Money Laundering Act (GwG), aligning Switzerland with EU measures to counter threats to Moldova's sovereignty amid regional instability.

Sectors:

Topics:

BankAsset ManagerAll Firms

Banking & Credit Wealth & Private Banking Payments & E-Money

🇨🇭 FINMA Enforcement high

August 13th 2025

Aktualisierte Sanktionsmeldung: Russland

Das Departement für Wirtschaft, Bildung und Forschung (WBF) hat die Erweiterung der Sanktionslisten betreffend Russland publiziert. Die Schweiz hat damit diverse Änderungen übernommen, welche die EU im Rahmen ihres 18. Sanktionspakets beschlossen hatte.

AI Analysis

This FINMA publication announces Switzerland's adoption of the EU's 18th sanctions package against Russia, expanding the sanctions lists with new designations and restrictions via the Swiss State Secretariat for Economic Affairs (SECO/WBF). It matters because Swiss financial institutions must immediately screen and freeze assets of newly listed parties, aligning with heightened FINMA enforcement on Russia sanctions risks amid ongoing geopolitical tensions. Compliance teams face elevated legal, reputational, and secondary sanctions exposure from US/EU measures.

What Changed

The core update involves Switzerland incorporating EU Council decisions from the 18th sanctions package, which typically include: Additions to asset freeze lists targeting Russian individuals, entities, and sectors like energy, finance, and dual-use goods. Expanded prohibitions on making funds or economic resources available to designated parties. Alignment with EU sectoral restrictions on Russia's financial messaging services (e.g., SPFS), oil trade, and shadow fleet activities, now binding in Switzerland via ordinances updated by WBF/SECO.

What You Need To Do

Screen sanctions lists immediately
Enhance customer due diligence (CDD)
Report to FINMA/SECO
Update policies
Train staff

Key Dates

Immediate upon publication (August 13, 2025) - Swiss sanctions lists updated; asset freezes and prohibitions take effect instantly for newly designated parties.

15 December 2025 - Noted FINMA reference for ongoing list updates and independent freezing measures.

31 July 2026 - EU sectoral sanctions against Russia renewed until this date (adopted December 2025), influencing Swiss alignment.

Compliance Impact

Urgency: High - This directly expands enforceable prohibitions, with FINMA's targeted on-site reviews and "very high" Russia sanctions risk rating amplifying enforcement (https://www.finma.ch/en/~/media/finma/dokumente/dokumentencenter/myfinma/finma-publikationen/risikomonitor/20251117-finma-risikomonitor-2025.pdf?sc_lang=en). Non-compliance risks fines, reputational damage, and secondary US sanctions, especially post-EU renewals through 2026.

References

Sectors:

Topics:

AML / Financial Crime Reporting & Disclosure

BankWealth ManagerAll Firms

Authorisation & Licensing

🇫🇷 AMF News high

August 11th 2025

The Autorité des Marchés Financiers (AMF) revoked the authorisation of alternative investment fund manager (AIFM) APICAP

Asset management The Autorité des Marchés Financiers (AMF) revoked the authorisation of alternative investment fund manager (AIFM) APICAP

Sectors:

Investment Management

Topics:

Asset Manager

Banking & Credit Investment Management Wealth & Private Banking

🇪🇺 ECB News

August 6th 2025

Supervisory Banking Statistics for significant institutions - First quarter 2025

No description available.

Sectors:

Topics:

Prudential / Capital Requirements Reporting & Disclosure Operational Resilience / Outsourcing

BankAsset ManagerWealth Manager

Banking & Credit Investment Management Wealth & Private Banking

🇪🇺 ECB News low

August 6th 2025

Methodological note for the publication of aggregated Supervisory Banking Statistics

No description available.

Sectors:

Topics:

Prudential / Capital Requirements Reporting & Disclosure

BankAsset ManagerWealth Manager

🇮🇪 CBI Warning high

August 5th 2025

Pass Investment Managers (Clone) - Central Bank of Ireland Issues Warning on Unregistered Firm

Sectors:

AML / Financial Crime Authorisation & Licensing Consumer Protection / Conduct

Topics:

Crypto ExchangeFintech

🇮🇪 CBI Warning high

August 5th 2025

Pecan Capital MG - Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Authorisation & Licensing Consumer Protection / Conduct

Topics:

Asset ManagerWealth Manager

Consumer Credit Banking & Credit

🇮🇪 CBI Warning high

August 5th 2025

Lending Loans - Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing AML / Financial Crime

BankFintech

Banking & Credit Investment Management Wealth & Private Banking

🇪🇺 ECB News low

August 1st 2025

Spreadsheet: High-level individual results for banks not included in the EBA sample

No description available.

Sectors:

Topics:

Prudential / Capital Requirements Reporting & Disclosure Operational Resilience / Outsourcing

BankAsset ManagerWealth Manager

Banking & Credit Investment Management Capital Markets & Trading

🇪🇺 ECB News medium

August 1st 2025

Counterparty credit risk exploratory scenario exercise

No description available.

Sectors:

Topics:

Prudential / Capital Requirements Operational Resilience / Outsourcing Reporting & Disclosure

BankAsset ManagerBroker Dealer

Investment Management Wealth & Private Banking Capital Markets & Trading

🇫🇷 AMF Warning high

August 1st 2025

The AMF is warning the public against several entities proposing to invest in miscellaneous assets without being authorized to do so

Warning Warning Miscellaneous assets Savings protection The AMF is warning the public against several entities proposing to invest in miscellaneous assets without being authorized to do so

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing

Asset ManagerWealth ManagerBroker Dealer