CDB 20: revised code of conduct in the area of the fight against money laundering

CDB 20: revised code of conduct in the area of the fight against money laundering

31/07/18

The SBA has published the revised Agreement on the Swiss banks’ code of conduct with regard to the exercise of due diligence (CDB 20). The now stricter self-regulatory agreement is an important component of the Swiss counter-measures for the fight against money laundering and terrorist financing. The CDB 20 will come into force on 1 January 2020 together with FINMA’s revised Anti-Money Laundering Ordinance (AMLO-FINMA).

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