Author Archives: Katrin Ivell

Partial Revision of Circular 2016/7 “Video and Online Identification”

On 16 November 2020, the Swiss financial markets regulator FINMA published details of the partial revision of circular 2016/7 on video and online identification. The notable changes relate to the use of biometric passport data and a clarification regarding the engagement of specialized third party service providers for remote client identification. The consultation period for the proposed changes has ended on 1 February 2021. The revised circular is expected to enter into force in mid-2021.

By Aline Anthenien / Katrin Ivell (Reference: CapLaw-2021-04)

Revised FINMA Anti-Money Laundering Ordinance

On 18 July 2018, FINMA published its revised Anti-Money Laundering Ordinance (the AMLO-FINMA). The revised AMLO-FINMA is noteworthy not so much for what it contains, but rather for what it does not contain.

By Katrin Ivell (Reference: CapLaw-2018-45)

FINMA Introduces Technology-Neutral Regulation to Facilitate Client Onboarding Through Digital Channels

With effect from 18 March 2016, FINMA introduced a new circular on video and online identification and amended the circular regarding guidelines on asset management. These changes are a first step to develop technology-neutral regulation and to reduce potential hurdles to technological innovation in the Swiss financial sector.

By Katrin Ivell / Benjamin Leisinger (Reference: CapLaw-2016-21)