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New Registration and Transparency Requirements for Swiss-Based Associations

With the entry into force on 1 January 2023 of the revised Anti-Money Laundering Act (AMLA) and the amended Anti-Money Laundering Ordinance (AMLO), a new set of rules on registration to the Trade Register and on transparency will apply to Swiss-based associations, especially the obligation to register associations which primarily collect or distribute assets abroad, directly or indirectly, that a…

Main features of the report of the Federal Council on the amendment of the Anti-Money Laundering Act

In December 2016, the Financial Action Task Force (FATF) published its fourth country report on Switzerland after reviewing and evaluating Switzerland’s anti-money laundering and anti-terrorist financing system. In its report, the FATF concluded that Switzerland’s defense mechanism can be classified as good overall, even though the Swiss financial sector is exposed to a high risk, particularly wi…

Switzerland Is Strenghtening Its Competitiveness as Fund Centre – a New, Unregulated Fund Category for Qualified Investors is Proposed

The Swiss Federal Council initiated a consultation on an amendment of the Swiss Federal Act on Collective Investment Schemes (CISA), aiming to introduce a new, unregulated fund category called “Limited Qualified Investor Fund (L-QIF)”, reserved exclusively for qualified investors. By introducing the L-QIF, Switzerland establishes a Swiss fund category similar to the Luxembourg Reserved Alternativ…


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