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Navigating DORA: Strategic Implications and Compliance Solutions for Swiss Financial Institutions and ICT Service Providers

Financial services Featured

Navigating DORA: Strategic Implications and Compliance Solutions for Swiss Financial Institutions and ICT Service Providers

Introduction to DORA The Digital Operational Resilience Act (DORA) is a landmark EU regulation designed to enhance cybersecurity and operational resilience across the financial sector. Although primarily targeting EU entities, the implications for Swiss financial institutions and ICT service providers are profound, particularly those that engage with the EU market.

The Future of Bitcoin ETFs and Market Impact

The Future of Bitcoin ETFs and Market Impact

As the financial markets evolve, a notable development in the cryptocurrency sphere, particularly concerning Bitcoin ETFs, has captured the attention of investors and regulators alike. This update aims to shed light on the current state of Bitcoin ETFs, the intricacies of the SEC approval process, and the anticipated effects on

AI in AML: Charting a New Course in Compliance and Risk Management

AI in AML: Charting a New Course in Compliance and Risk Management

In the complex world of Anti-Money Laundering (AML), the integration of Artificial Intelligence (AI) has emerged as a game-changer, revolutionizing how financial institutions and compliance professionals approach risk management. At Peak Suisse, we've been at the forefront of this transformation, observing and participating in the evolution of AML

US Beneficial Ownership Information Reporting Rule and Implications for Switzerland and EU

US Beneficial Ownership Information Reporting Rule and Implications for Switzerland and EU

On 18 September 2023, FinCEN introduced a Small Entity Compliance Guide to assist the small business community in adhering to the beneficial ownership information (BOI) reporting rule. From 2024, numerous entities either established in or registered to operate in the US will be mandated to disclose information about their beneficial

Swiss to strengthen AML Regulation

Swiss to strengthen AML Regulation

On 30 August 2023, the Swiss Federal Council initiated a consultation on a bill to bolster the anti-money laundering (AML) framework. The objective is to enhance Switzerland’s reputation and competitiveness as a financial hub. The proposal will align measures with international standards, particularly those set by the Financial Action