Author: Konrad K Häuptli

New Guide Lines on how to manage digital fraud risks

The Case: The Swiss Financial Market Supervisory Authority FINMA has published new guide lines on how to manage digital fraud risks, highlighting a need for stronger action across the banking sector. The Commentary: Based on a recent survey of banks, FINMA identified gaps, particularly in operational risk management and in…

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UBS Cannot Limit Liability Over Nazi-Linked Accounts

The Case: A US judge has blocked UBS from limiting its liability over newly uncovered accounts tied to Nazi-era. The Commentary: UBS had claimed that a 1999 settlement shielded it from future lawsuits, but the court rejected that argument, leaving the door open for additional Holocaust-related claims. Fresh evidence links…

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Top-up tax

The Case: This concerns The Commentary: In this context, the Federal Tax Administration (FTA) provides guidance for large multinational enterprise groups in connection with two motions of identical wording. It clarifies that the administrative guidance, including the Grace Period Limitation, must be applied in accordance with current law until the…

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US investigation into unfair trading

The Case: In early March, US Trade Representative Jamieson Greer announced investigations under Section 301 of the US Trade Act of 1974. The Commentary: One probe focuses on “structural overcapacity” and whether certain practices harm US trade. It involves 15 countries, including China, India, Japan and the European Union. The…

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