Position of the SBA on the FINMA report concerning dealing with assets of "politically exposed persons" (PEPs)

The report published by Swiss financial regulator FINMA credits to the banks that the rules for dealing with "politically exposed persons" (PEPs) are respected. Furthermore, we note that FINMA considers the existing provisions on dealing with PEPs as being sufficient. In single cases where rules have been infringed, banks will work closely with FINMA to improve their respective proceedings.
Switzerland is, and wishes to remain, a clean financial centre.