Switzerland will launch its corporate transparency registry on October 1 despite warnings from the Swiss Association of Wealth Managers that it could become an attractive target for cybercriminals. The concerns followed a July 29-30 breach of Liechtenstein's beneficial-owner register, in which hackers accessed and copied information relating to about 31,000 companies, foundations and trusts. The Swiss government said the October 1 date is required by a new federal law and that measures have been planned to provide the highest possible level of protection. Switzerland says the central registry is needed to strengthen the prevention and prosecution of financial crime and protect its reputation as a major wealth-management centre.