The aim of the sector investigations performed by BFPP is to appropriately determine the circumstances of the individual making use of for or receiving public advantages. As soon as the investigation is accomplished, BFPP will present the results to the DHS caseworker, who then uses the data offered to find out the individual’s eligibility for DHS profit applications. The caseworker determines whether to authorize the individual for benefits, reduce the quantity of advantages the person is eligible for, or deny advantages to the individual.

A contractor was changing the fan coil unit when water discharged from the isolation valve that is connected to it. The contractor, who reported the loss, claimed that he closed the valve, but there was no inner ball valve inside. The investigation determined that the ball had been forcibly removed from the inside of the valve.

Fraudulent claims look like real claims -All fraudulent water claims bear the identical components as unintentional claims, in that water escapes via the precise mechanism in both case. And so, only an extensive and reasonably detailed Fraud Investigation Switzerland can conclusively decide whether or not a water loss must be categorized as intentional or unintended.

Coverage denial points

– order measures that it deems obligatory to restore compliance with the law, comparable to amendments to inside procedures and practices and specific organisational measures;

– impose (temporary) restrictions on the exercise;

– issue declaratory rulings, in case the investigation reveals previous violations of supervisory provisions that no longer need remediation;

– confiscate income generated by violations of the supervisory provisions;

– publish supervisory rulings;

– suspend voting rights;

– prohibit a person from performing in a management capability for supervised entities;

– prohibit a person from buying and selling monetary instruments;

– prohibit a person from performing as consumer adviser; and

– revoke a licence, withdraw recognition or order the liquidation of the corporate, therefore barring the supervised particular person or entity from finishing up its activity.

FINMA doesn’t have the authority to sanction supervised entities or individuals by means of the cost of fines, beyond the disgorgement of illicit income. If an administrative violation would also quantity to a criminal violation subject to a superb, FINMA must report the case to the related criminal authorities.

Deb Daniel