Investing.com -- Stefan Walter, the CEO of Switzerland’s financial market regulator, FINMA, announced on Monday that risks related to money laundering and cyber threats remain high in the country. He also noted an increasing trend of individuals and businesses attempting to bypass financial sanctions on Russia.

Walter highlighted that the relevance of money-laundering risks has grown for medium-sized and smaller banks. The announcement was made during an event in Zurich.

In regards to Russia-related sanctions, Walter indicated that the chances of individuals and companies evading these sanctions grow as the regime continues. He stated, "Against this backdrop, the associated risks for financial intermediaries increase," implying a heightened risk for those involved in financial transactions.

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