Rights & Duties

I. Rights

 

Your VQF SRO membership entitles you to act as a financial intermediary in the parabanking sector (Art. 2 Para. 3 AMLA) in Switzerland.

 

Furthermore, your SRO membership entitles you to make use of numerous VQF services. All VQF services to our SRO members have the following

goals.

 

As a member you should be able to comply with the duties placed on you by the Anti-Money Laundering Act (AMLA) or the requirements of the market as

  • easily and efficiently
  • cost efficiently and
  • effectively

 

as possible. The actions taken by SRO members provide protection against money laundering and the financing of terrorism and contribute to the protection of investors and the integrity of Switzerland as a financial centre.

 

As a VQF SRO member you benefit from a variety of services and other benefits, especially:

  • Tried and tested, easy-to-understand form templates, checklists and instructions.
  • Basic and advanced training seminars as well as individual (company-) training.
  • Expert one-on-one specialist consulting at attractive rates.
  • Representation of your interests towards the Swiss authorities with regard to anti-money laundering law (e.g. in the Swiss parliamentary legislation process, consultation with Swiss authorities, etc.).

 

II. Duties

As a result of your VQF SRO membership, as a financial intermediary in the parabanking sector (Art. 2 Para. 3 AMLA), among other requirements you are obliged to comply with duties of due diligence and other duties pursuant to the AMLA and the VQF SRO rules and regulations (regulations, audit concept and training concept).

 

 

 


 

 

Please note that only the German version is legally binding.