News - Swiss Fintech
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SWITZERLAND: Smaller fintech firms granted some relief from money laundering rules Swiss financial institutions operating under the newly introduced FinTech licence will not be required to establish an independent money laundering monitoring unit if their gross revenues are less than CHF1.5 million, Switzerland's financial regulator has announced. |  | |
| The FinTech licencing category was introduced in June this year with the aim of promoting financial market innovation, subject to a consultation lasting until 26 October Read more FINMA (external link) | ||
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