Swiss : Federal Council and AML

The proposed legislation, aimed at boosting Switzerland's standing as a secure and competitive financial hub, includes the introduction of a federal register of beneficial owners and enhanced due diligence procedures for high risk legal advisory activities. The measures, which align with global standards, address vulnerabilities to money laundering, terrorist financing, and sanction evasion.

Notably, the register will facilitate quicker and more accurate identification of the true beneficiaries behind legal structures and will be managed by the Federal Department of Justice and Police.

The legislation, welcomed during its consultation phase, will be reviewed by Parliament and is projected to be enacted no earlier than 2026.