Blockchain Adds to Swiss Money Laundering Risks, Finma Warns
- ‘Old risks in new shapes,’ Finma chief says of blockchain
- Switzerland ‘particularly exposed,’ regulator says in report
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Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
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Switzerland’s financial regulator warned the nation is “particularly exposed” to money laundering risks given its traditional role as a magnet for the world’s wealthy as well as emerging threats from blockchain and banks’ lower profit margins.