Money laundering: revision of the law and the ordinance

The Federal Council has set January 1, 2023 as the date of entry into force of the revision of the Anti-Money Laundering Act and Ordinance (AMLA and AMLO).

Federal Council decision to implement the 15% minimum tax rate

During its meeting on 12 January 2022, the Federal Council decided to implement the 15% minimum tax rate agreed by the OECD and the G20 states (agreement of 137 states) for international companies with an annual turnover of at least 750 million euros by means of a constitutional amendment.

FINMA clarification in case of late submission of the licence application to the SO

Portfolio managers and trustees have been subject to a licensing requirement since the Financial Institutions Act (FinIA; SR 954.1) entered into force on 1 January 2020. The transitional period expires on 31 December 2022.

WORLDBANK / INSOL International – Global Guide Update 2021

Measures adopted to support distressed businesses through the COVID-19 crisis (chapter: Switzerland)