Suchergebnisse für amendes pénales

Cyberattaque et ransomware: risques juridiques à payer et assurabilité des rançons

Legal risks of paying ransom following a ransomware attack need to be clarified, as such attacks are constant­ly increasing and victims always face the same dilemma: whether to pay the ransom or not? Insurability of ransomware needs also to be clarified, as some cyber insurance companies offer to cover the risk of ransomware without knowing whether such clauses are really insurable. This…

Sanctions Américaines: Extraterritorialité et Risques Bancaires

A Swiss bank operating in the US must comply with applicable US laws. Difficulties may arise from the „off-shore“ application of US sanctions. The US sanctions regime is well known¹, especially through the publications of the Office of Foreign Assets Control (OFAC)² and through the calls for caution issued by the banking supervisory authority³. This contribution provides an update on the…

Annonce des violations de la sécurité des données: une nouvelle obligation de la nLPD

The data security principle (art. 8 of the revised Federal Act on Data Protection (rFADP) requires that the controller and when applicable the processor take all the necessary measures to maintain a sufficient level of security when processing personal data, including to prevent any data breach. Nevertheless, data breaches can occur and when so, the controller shall react quickly in order to…

La classification des clients selon la loi sur les services financiers

This article looks at the client categorisation system ­reflected in the new Swiss Federal Act on Financial ­Services. Firstly, it defines the notion of client classification before highlighting similar classification mechanisms already existing under the current law. The article goes on to detail the three categories of clients, namely private, professional and institutional, as well as the…

Praxis der Aufsichtskommission zur Sorgfaltspflicht der Banken für die Jahre 2011 bis 2016

Die Vereinbarung über die Standesregeln zur Sorgfaltspflicht der Banken (VSB) zwischen der Schweizerischen Bankiervereinigung («SBVg») einerseits und den unterzeichnenden Banken («Banken») andererseits ist ein multilateraler Vertrag, in dessen Rahmen sich in der Schweiz niedergelassene Banken gegenüber der SBVg verpflichten, die in den Standesregeln definierten Sorgfaltspflichten bei der…