According to Odaily Planet Daily, the Swiss Financial Market Supervisory Authority (FINMA) listed digital assets as a high-risk area for money laundering in its latest risk monitoring report, emphasizing its use in financial crimes such as evading sanctions.
The report noted that cryptocurrencies, especially stablecoins, are closely linked to money laundering and other illegal activities, including being used to evade sanctions and dark web transactions, increasing concerns among financial regulators.
FINMA said it has put Swiss financial intermediaries providing crypto-related services under closer scrutiny to manage these risks, and that inadequate risk mitigation measures would endanger individual institutions and create reputational risks for the entire Swiss financial industry.
