Compliance: Finma's expectations are very high

CHRONIC. The ever-increasing demands imposed in the banking and financial field do not yield the expected results. The Finma skews routine and machinal processes and lack of critical thinkingThe Finma exerts significant pressure on the banking sector to exercise extreme rigour in the application of anti-money laundering rules.This pressure is first manifested in ordinary supervision, especially during visits to the Finma on the spot or through t…