HALISTER1: Swiss Conducting 7 Probes in 1MDB, Petrobras Cases: Finma

Swiss Conducting 7 Probes in 1MDB, Petrobras Cases: Finma

(Bloomberg) -- Banks need to do more to combat money laundering, Mark Branson, head of financial regulator Finma, says at news conference in Bern.
  • Branson says he sees increased risk of money laundering in Switzerland
  • Majority of banks “doing the right thing” regarding compliance
  • Global finance system vulnerable to abuse, Branson says
  • Finma Chairman Thomas Bauer says at same conference that strong capital requirements are key
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
PETR4 BZ (Petroleo Brasileiro SA)

People
Thomas Bauer (Bauer AG)

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