WebThe Anti-Money Laundering Act shall denote companies and persons subject to it as “financial interme- diaries” (Article 2(1) AMLA). According to Article 2(3) AMLA, financial intermediaries shall be persons who on a professional basis accept or safeguard deposit assets belonging to others or who assist in the investment or transfer of such assets. WebJan 1, 2024 · The now stricter self-regulatory agreement is an important component of the Swiss counter-measures for the fight against money laundering and terrorist financing. The CDB 20 will come into force on 1 …
Ordinance of the Swiss Financial Market Supervisory …
WebMay 20, 2024 · Financial intermediaries must generally define a specialist AML unit (article 24 of the FINMA Anti-Money Laundering Ordinance (AMLO-FINMA)) to support decision-makers and the management with... WebAnti-Money Laundering Act This federal act applies to financial intermediaries and governs the combating of money laundering and terrorist financing. It ensures the exercise of due diligence in the conduct of financial transactions. Anti-Money Laundering Ordinance pure sine wave inverter board
Switzerland - Trade Financing
WebNov 4, 2024 · The Swiss financial regulator has published its updated anti-money laundering (AML) ordinance, noting it’s extending the coverage to include blockchain trading platforms. It also clarified certain reporting and identification requirements that apply to crypto transactions. WebNov 16, 2024 · FINMA Anti-Money Laundering Ordinance (AMLO-FINMA): Changes in the AMLO-FINMA are made due to the change of terminology as well as the fact that the DSFI are no longer to be … WebFINMA divides tokens into three categories on a case-by-case basis: payment, utility, and asset tokens, and regulates them accordingly. FINMA applied the Anti-Money Laundering Act to VASPs and clarified it as part of the latest update to … pure sine wave inverter 12v to 220v