IDEAS home Printed from https://ideas.repec.org/h/pal/pmschp/978-3-031-23484-2_11.html
   My bibliography  Save this book chapter

AML/CFT and Cybersecurity Laws in Switzerland

In: Anti-Money Laundering, Counter Financing Terrorism and Cybersecurity in the Banking Industry

Author

Listed:
  • Felix I. Lessambo

    (Fordham University)

Abstract

Switzerland has significant AML legislation in place, making banks and other financial intermediaries subject to strict Know Your Customer (KYC) reporting requirements. Under Swiss law, the crime of money laundering pursuant to art. 305bis SCC protects the criminal authorities’ right to forfeiture. There is no overarching cybersecurity legislation in Switzerland to date. Nonetheless, personal data must be protected against unauthorized processing through adequate technical and organizational measures under the general Federal Act on Data Protection (FADP) and the Federal Council issued detailed provisions on the minimum standards for data security in the Ordinance to the Federal Act on Data Protection.

Suggested Citation

  • Felix I. Lessambo, 2023. "AML/CFT and Cybersecurity Laws in Switzerland," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Anti-Money Laundering, Counter Financing Terrorism and Cybersecurity in the Banking Industry, chapter 0, pages 119-123, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-3-031-23484-2_11
    DOI: 10.1007/978-3-031-23484-2_11
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:pmschp:978-3-031-23484-2_11. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.