Understand very quickly the Swiss anti-money laundering rules that financial institutions in Switzerland must apply.
This first module focuses on the definition of money laundering as well as the three stages of money laundering. To illustrate this concept, concrete situations make it possible to understand the mechanism of money laundering.
After explaining the role of the FATF at the international level, the second module addresses the Swiss legal and regulatory framework related to the fight against money laundering and the financing of terrorism, such as article 305bis Swiss Penal Code, the AMLA, the FINMA-AMLO and the Agreement on the Swiss Banks’ Code of conduct with regard to the exercises of due diligence (CDB).
The last module of the training covers in detail the rules that Swiss financial intermediaries must comply with. Initially, the training presents the formal rules such as the verification of the identity of the contracting partner, whether it is a natural person or a legal person as well as the identification of the beneficial owner or the controlling persons. In the second part, the training presents the material rules such as the knowledge of the customer (KYC), the economic background as well as the additional clarifications. Finally, the training explains what a PEP is according to Swiss regulations.