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The Swiss Financial Market Supervisory Authority has formally initiated a consultation process for a major revision of the country’s Anti Money Laundering Ordinance as part of a broader national strategy scheduled for implementation by 2026. The initiative follows recent amendments to the Federal Act on Combating Money Laundering and Terrorist Financing and is intended to eliminate weaknesses in the supervision of financial transactions and corporate structures. Financial int

The long-anticipated money laundering trial involving Gulnara Karimova and the private Swiss bank Lombard Odier has officially begun before the Federal Criminal Court, marking a major legal proceeding tied to events that stretch back more than two decades. The case centers on allegations against Karimova, the daughter of former Uzbek president Islam Karimov, who is accused of receiving illicit payments and orchestrating a criminal network known as "The Office." Prosecutors cl