Legal basis for combating money laundering
The financial market legislation governing the combating of money laundering derives from one federal act, one Federal Council ordinance and one FINMA ordinance.
Anti-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
The Anti-Money Laundering Ordinance sets out the requirements for the professional practice of financial intermediation and the due diligence obligations and reporting duties which traders must fulfil.
FINMA Anti-Money Laundering Ordinance
This FINMA ordinance sets out how the financial intermediaries are to implement their obligations to prevent money laundering and terrorist financing.
