In the wake of the Petróleos de Venezuela, S.A. (PDVSA) bribery case, the Swiss Attorney General offices and FINMA are currently conducting investigations of suspected misconduct and legal violations.

• Evolution of ABC and AML compliance in banking
• Recent cases and lessons learned
• Defining the role of a financial intermediary
• Implementing internal controls that can meet regulator expectations
• The scope of due diligence and controls to mitigate the risk of bribery involving an intermediary and/or professional enabler
• Scope of in-house legal and compliance officers’ obligations to investigate potential red flags and monitor suspicious activity