REGULATION · EU
Swiss wealth managers seek delay to EU beneficial ownership register after Liechtenstein breach
Following a reported hack affecting Liechtenstein's registry systems, Swiss private banks are lobbying Brussels to postpone the EU's beneficial ownership register rollout, citing cybersecurity concerns.
WHY IT MATTERS
Compliance teams must prepare for delayed or fragmented ownership transparency rules. Interim manual KYC/AML processes will persist; digital identity infrastructure investments may face renewed scrutiny.
Source: Financial Times · 2026-08-29