Swiss regulator flags AML gaps as Commerzbank shares rise amid BaFin review of UniCredit stake claim

Switzerland’s financial market authority, Finma, said that banks and wealth managers still fall short on anti‑money‑laundering risk analysis. The regulator reviewed more than 30 institutions and found that risk assessments were often insufficiently detailed, especially concerning politically exposed persons, complex corporate structures and crypto services. Finma issued new supervisory guidance to tighten risk‑assessment standards.

In Germany, Commerzbank’s shares edged higher after the bank urged the Federal Financial Supervisory Authority (BaFin) to scrutinize UniCredit’s statements about its bid for Commerzbank stock. Commerzbank warned that UniCredit’s reported 34.37 % stake, including options and cash‑settled instruments, could be misleading and called for a comprehensive market‑wide review. The bank highlighted that no institutional investors had yet taken up the offer and that the share price was above UniCredit’s offer value.