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AML

Anti-money laundering

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