The Federal Office for Cybersecurity (OFCS) frequently warns the public about scams on classified ad sites. These platforms provide numerous opportunities for attackers. Typical scams include selling fake merchandise or failing to pay for items after they have been shipped.…
Classified ad fraud is one of the offences most frequently reported to the police. The fact that new variants continually arise shows that this is a lucrative business for scammers. The National Cybersecurity Center (NCSC) highlights three typical variants that…
FINMA concludes proceedings against Swiss Fund Management AG in liquidation and BZ Berater Zentrum AG and enforces rules of conduct in the financial services sector.The Swiss Financial Market Supervisory Authority FINMA has concluded enforcement proceedings against two institutions and one…
The Federal Department of Finance (FDF) intends to submit a report to the Federal Council by the end of 2027 on optimising Swiss financial market regulation. To support this work, a working group comprising external experts is being set up…
(Unofficial translation) The Federal Council is mandated to submit a report in which it will evaluate the implementation and effects of financial market surveillance structures over the past five years. In particular, it will take into account the provisions of…
FINMA concludes proceedings against Wendelspiess Partners AG and imposes long-term industry bans.The Swiss Financial Market Supervisory Authority FINMA has concluded enforcement proceedings against Wendelspiess Partners AG in liquidation and two individuals for serious breaches of the rules of conduct governing…
In its new Guidance, the Swiss Financial Market Supervisory Authority FINMA explains the risk patterns it is increasingly observing in relation to the use of products in individual portfolio management in the context of escalation cases. The Guidance recalls the…
A survey of banks conducted by the Swiss Financial Market Supervisory Authority FINMA shows that there is a need for action in addressing digital fraud risks, particularly in the areas of operational risk management and preventing money laundering. FINMA published…
The Ombudsman Office FINSOM warns against the domains ombudsman-fs.co and ombudsman.fs.xyz. According to information on the website https://ombudsman-fs.co/, it allegedly belongs to "Ombudsman Financial Services", which supposedly has an office in Switzerland (Zurich Office, Franklinstrasse 27, 8050 Zurich, Switzerland. Tel. +41 41 533…
The Ombudsman Office FINSOM warns of a possible attempt at fraud, phishing or malware infection involving the theft of FINSOM's identity and cybersquatting. A wave of emails has been sent from an address @finsom.co or @finsom.org using the FINSOM logo and information from its website. These…