AMLA Revision: advisors
With the revision of the Anti-Money Laundering Act, certain professionally active advisors may also be covered by the AMLA. Depending on the specific activity, due diligence, organisational and reporting obligations under the AMLA, as well as affiliation with a self-regulatory organisation, may become necessary.
Note: The information on this page is intended for general guidance only. The applicable statutory provisions, implementing ordinances and regulatory requirements following their definitive approval are decisive.
Who may be affected
Persons and companies may be affected in particular if they act for third parties in financial transactions or in raising funds in connection with certain legal transactions.
Examples of such legal transactions may include:
- Purchase and sale of real estate
- Establishment, management or administration of non-operating legal entities
- Contributions, distributions and the purchase or sale of non-operating legal entities
- Domiciliary or registered-office services for legal entities
Important: The specific activity is decisive in each case. Not every advisory activity automatically leads to being subject to the AMLA.
Professional activity
Thresholds and timing
The thresholds for professional activity will be specified in the Anti-Money Laundering Ordinance, as is the case for financial intermediaries. The relevant provisions are currently still available only in draft form.
The final regulatory framework is expected to be available shortly. Until it takes effect, applications for admission by advisors may be submitted but cannot yet be finalized.
Early clarification is therefore recommended, especially if your activity could fall within one of the areas mentioned.
Clarify early which obligations may apply
If you have any questions regarding AMLA applicability, affiliation with an SRO or the admission process, please contact us using the form below.
Become a Member of VQF
The final regulatory framework is expected to be available shortly. Until it takes effect, applications for admission by advisors may be submitted but cannot yet be finalized.
The application form and the other attachments are available for download as Word files and can be completed electronically. Our detailed guidelines will guide you through the application process step by step and help you compile the required documents.
Once we have received your fully completed application, including all required attachments, and the processing fee has been paid in accordance with the Fee Regulations, the VQF will review your application and contact you regarding the next steps..