In a bold move, the Swiss Financial Market Supervisory Authority (FINMA) has concluded its enforcement proceedings against Geneva-based private bank Banque Audi (Bank Audi), owned by a prominent Lebanese banking group. During an on-site inspection in 2021, FINMA discovered serious shortcomings in the prevention of money laundering and ordered the disgorgement of profits totaling CHF 3.9 million and a capital surcharge of CHF 19 million.