Switzerland’s Toughest KYC Standards: Can Financial Institutions Keep Up?

Switzerland’s financial sector is still reeling from high-profile scandals and sanctions. To combat this, regulators are increasing their expectations for Know Your Customer (KYC) compliance. Compliance officers must navigate a complex landscape of regulatory changes, technical hurdles, and operational challenges.

The High Stakes

Financial institutions must walk a tightrope to keep both regulatory authorities and management happy. But what does this mean in practice? Can they keep up with rapidly evolving regulations? What is the optimal approach to KYC: perpetual or ongoing? And how can they avoid missing critical links to sanctions?

Best Practices and Pitfalls

A panel of distinguished experts from the legal, regulatory, AML, and sanctions fields will share valuable insights on best practices and pitfalls to avoid. Attendees will gain a comprehensive overview of KYC compliance in Switzerland.

Risk Management Strategies

• Effective risk assessment techniques
• Implementing robust due diligence procedures
• Monitoring customer behavior for suspicious activities

Operational Efficiency Tips

• Streamlining processes for improved efficiency
• Utilizing technology to automate tasks
• Enhancing data quality and integrity

The Event Details

The event will take place on [Date] at KV Business School Zürich’s Bildungszentrum Sihlpost, located at Sihlpostgasse 2, 8004 Zürich.

Schedule

• Registration: 5:30pm CEST
• Presentations: 6:00-7:00pm CEST
• Networking Apéro: 7:00-9:30pm CEST

Join us for an evening of insights and networking as we explore the complexities of KYC compliance in Switzerland.