FINMA has published the final partial revision of its Anti-Money Laundering Ordinance, with the changes due to take effect on 1 January 2027.

The Swiss regulator says the revision reflects recent amendments to federal anti-money-laundering rules and was finalised after consultation. It clarifies that one correspondent-banking provision applies only to clients with direct access to a foreign correspondent bank’s accounts.

FINMA also updated explanatory notes on understanding ownership and control structures and on monitoring business relationships and transactions to help prevent breaches of coercive measures under the Embargo Act. FINMA recognised revised banking due-diligence and insurance self-regulation rules as minimum standards; both take effect on 1 January 2027 and have four-month transition periods.