Tag Archives: CapLaw-2015-31

Anti-Money-Laundering – Implementation of the Revised FATF Recommendations

On December 12, 2014, the Swiss Parliament adopted the Federal Act for Implementing the Revised Financial Action Task Force (FATF) Recommendations. The Federal Act provides new and revised provisions in the field of anti-money laundering, criminal and corporate law. The revisions mainly focus on enhanced transparency on the ownership of legal persons, the clarification and extension of the definition of Politically Exposed Persons (PEP) and, most importantly, the extension of the scope of predicate offences for money laundering to include qualifi ed tax offences.

By Alexander Greter / Nicolas Bonassi (Reference: CapLaw-2015-31)