FINMA enforcement: the VP Bank appeal and the request for fining powers

Position over time

Each line says where the matter stood on that date, in 25 words or fewer. Step back to see an earlier position; the timeline below fades what came after it.

1. 29 September 2026FINMA concluded its fifth proceeding against Julius Bär: a CHF 250m capital add-on and about CHF 10m confiscated, not yet final.
2. 5 July 2026FINMA's president renewed the call for power to fine directly and to publish more concluded cases.
3. 16 June 2026The Federal Administrative Court annulled FINMA's VP Bank measures for hindsight reasoning. FINMA said it will appeal.

1. 16 June 2026
   Switzerlandcase lawAML & financial crimeSupervision & standardsUpdated

   Federal Administrative Court sets aside FINMA's enforcement ruling against VP Bank (Schweiz) for hindsight reasoning

   In judgment B-5862/2024 of 16 June 2026, published on 1 July, the Federal Administrative Court annulled the substantive measures in FINMA's enforcement order of 21 June 2024 against VP Bank (Schweiz).

   Primary source: Federal Administrative Court (Abteilung II) ↗
2. 5 July 2026 · +19 days
   SwitzerlandguidanceAML & financial crimeSupervision & standards

   FINMA president calls publicly for direct fining powers and more enforcement transparency

   FINMA's president, Marlene Amstad, renewed the call for a power to fine directly, in an NZZ am Sonntag interview.

   Primary source: FINMA ↗
3. 29 September 2026 · +86 days
   SwitzerlandenforcementAML & financial crimeSupervision & standardsNew

   FINMA concludes its fifth enforcement proceeding against Julius Bär — CHF 250m capital add-on, about CHF 10m confiscated (not yet final)

   On 29 September 2026 FINMA concluded its fifth enforcement proceeding against Julius Bär in under ten years, finding serious breaches of risk-management and anti-money-laundering rules.

   Primary source: Swiss Financial Market Supervisory Authority FINMA ↗