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FINMA lifts Julius Baer acquisition ban

Julius Baer adds ex-ABN AMRO banker in Singapore

Swiss financial market supervisory authority FINMA has lifted a ban on Julius Baer preventing the bank from undertaking acquisitions and transactions that would increase its operational risk or organisational complexity. FINMA issued the ban in February 2020 following an investigation into AML standards at the wealth manager. The authority concluded that Julius Baer had fallen woefully short in combatting money…

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