Company Information

Get to know bsi bank

Founded in 1873 in Lugano, Switzerland, BSI SA (Banca della Svizzera Italiana) was one of Switzerland's oldest banking institutions. The bank focused on providing private banking and wealth management services to a global clientele of high-net-worth individuals. In 2016, following extensive investigations into its role in the 1Malaysia Development Berhad (1MDB) corruption and money laundering scandal, the Swiss Financial Market Supervisory Authority (FINMA) ordered the bank to be dissolved for serious breaches of its legal obligations. Its assets and operations were subsequently acquired and fully integrated into EFG International, effectively ceasing the BSI brand and legal entity.

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bsi bank

Switzerland

Founded in

1873 (153 Years)

Founded

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.