Anti Money Laundering (AML)

Swiss AMF (SAMF) is subject to provisions on Anti Money Laundering (AML) under the laws of [govlaw], which are in accordance with the FATF recommendations. Switzerland is a member country of the Financial Action Task Force FATF). This means in particular that [short] has to identify its customers and establish the beneficial owner's identity. The AML compliance policies approved by the Management Board include inter alia the processes for the identification of the customers and establishing the identity of the beneficial owner. The policies also cover the collection of information regarding the customers' business activities, relationships with Politically Exposed Persons and record retention procedures. Furthermore, SAMF regularly provides AML training to relevant employees and does not provide banking services to any bank that does not maintain a physical presence in any country and that is not a regulated affiliate. The anti-money laundering policies are applicable to head office and branches alike and are in accordance with the Wolfsberg anti-money laundering principles.

The fight against money laundering and terrorist financing

As a self-regulatory organisation (SRO) approved by FINMA, VQF ensures the respect by its members of the Federal Act on Combating Money Laundering and Terrorist Financing in the Financial Sector (MLA) in the following areas.

  • asset and fund management
  • exchange and money transfer
  • company administration, trusts
  • payment services
  • credit, leasing and factoring
  • lawyers and notaries
  • insurance brokerage