As part of its supervisory operations, FINMA has the power to conduct proceedings against companies or persons carrying out business activities without the proper approvals or who have committed breaches in the course of business for which the relevant approvals have been obtained. These proceedings may give rise to administrative penalties (including official warnings, withdrawal of approval, and company liquidation). FINMA may also report serious breaches to the prosecution authorities. Given the seriousness of the penalties that may be imposed, it is crucial that the party subject to such proceedings receives proper advice at the earliest possible stage. Our firm is accustomed to handling these sorts of sensitive cases and helps its clients to defend their interests as effectively as possible.
Active participants in the financial markets may likewise find themselves subject to a formal anti-money laundering investigation. In order to respond as efficiently as possible to the authority conducting the investigation and to best defend their interests, it is essential that clients have a thorough understanding of the issues involved, the relevant legislation, and the criminal justice process. Thanks to its expertise, T&CO is able to provide assistance to its clients during such difficult times in the life of a company.