The Swiss federal law against money laundering and terrorist financing in the financial sector requires that an entity or individual satisfying the criteria of financial intermediary, but not subject to prudential supervision, register with a Self-Regulatory Organisation (SRO). Financial intermediaries must periodically submit themselves to an Anti-Money Laundering (AML) audit. The purpose of an AML audit is to verify the proper application of the law and the respect of the membership requirements of the SRO.
We conduct our AML audits in accordance with the relevant standards of the profession, the provisions of the Federal Law on the fight against money laundering and the financing of terrorism in the financial sector as well as other provisions issued in the framework of the supervision exercised by the SROs.
Anti-money laundering services include:
- Risk rating methodology consulting
- Outsourced risk rating
- Enhanced due diligence
- Regulatory issue advisory
- Independent model and system validation
- System optimisation and tuning
- Independent testing and audit
- Risk assessments
- Look-back projects
- System selection
- New product and service consulting