How to File a FINMA Complaint

FINMA complaint Swiss financial regulator reporting fraud
6+Fraud Reports
7Jurisdictions
12+Years Active
0Known Funded Deals
0 currentRegulatory Licences

FINMA (the Swiss Financial Market Supervisory Authority) accepts reports about potentially unauthorised financial intermediaries and other breaches of Swiss financial market law. Filing a FINMA complaint is free. This guide explains the process.

When to File a FINMA Complaint

File a FINMA complaint when: a Swiss-registered entity is collecting investment fees or managing assets without appearing on FINMA's licensed institutions list; a Swiss entity claims to be a regulated investment fund but holds no FINMA licence; or a Swiss entity is involved in activities that appear to breach Swiss financial market law. In the Corinth Group case, no entity — including Corinth Investment Holdings AG (CHE-102.223.770) and Corinth Management Services AG (CHE-103.982.016) — has ever appeared on FINMA's licensed institutions list [FINMA].

How to File

Submit your report via FINMA's online reporting office at finma.ch/en/finma/reporting-office/. FINMA accepts reports in German, French, Italian, and English. Your report should include: the entity name(s) and Swiss registration number(s); a description of the financial activities being conducted; evidence that the entity is not on FINMA's licensed institutions list; copies of contracts, marketing materials, and payment records; and the names of individuals involved.

What FINMA Can Do

FINMA has the power to: investigate whether an entity is operating as an unauthorised financial intermediary; issue cease-and-desist orders; publish warnings on its warning list; appoint investigating agents; and in serious cases, initiate criminal proceedings. FINMA has placed entities on its warning list for conducting unauthorised banking or fund management activities.

Corinth Group and FINMA

The Corinth Group's Swiss entities are registered as ordinary AGs (stock corporations) in Canton Graubunden. All six Swiss AGs list Jurate Kairiene as president and sole signatory [Swiss Commercial Register]. The group's website (cgoch.com) described its entities as "registered and licensed investment funds" — a claim not supported by any FINMA licensing record. Whether the collection of advance fees for investment services without FINMA authorisation constitutes a breach of Swiss financial market law is a question for FINMA to determine.

Complementary Reports

A FINMA complaint can be complemented by: a criminal complaint (Strafanzeige) with the Staatsanwaltschaft Graubunden under Art. 146 StGB (free to file); and reports to other jurisdictions' regulators — the FCA (UK), CySEC (Cyprus) — where Corinth Group entities also operate or operated.

Key Facts

  • FINMA complaints are free to file
  • No Corinth entity has ever appeared on FINMA's licensed institutions list
  • FINMA can issue cease-and-desist orders and publish warning list entries
  • All 6 Swiss AGs controlled by single individual (Jurate Kairiene)
  • cgoch.com claimed 'registered and licensed investment funds' without FINMA licence

Complaint Reports

FINMA Reporting Office FINMA Warning List

People Involved

Martin Walter Model Jurate Kairiene Alec Theunissen

Related Entities

Corinth Investment Holdings AG Corinth Management Services AG

Related Investigations

Advance-Fee Fraud: The Mechanism Behind the Corinth Group Allegations Advance Fee Fraud Warning Signs Advance-Fee Fraud Warning Signs: 12 Red Flags That Should Stop You from Paying Advance Fee Scam: How It Works Companies House: Checking for Fraud Red Flags Corporate Funding Fraud: Advance Fee Schemes Corporate Funding Scam: Promises of Institutional Financing That Never Arrives Cost Contribution Fraud: Rebranding Advance Fees as Legitimate Business Expenses

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