The new rules will apply to Swiss lawyers who provide services that may pose a risk of money laundering. This could be real estate transactions or company structuring.
The Swiss Federal Council has already supported the introduction of stricter vetting of some advisers and the introduction of a closed register of beneficial owners of companies.
In addition, the new law provides for a simplified registration procedure for some structures. Such as associations, foundations, private entrepreneurs, LLCs.
At the moment, there is no specific time frame for when the innovations will take effect, but, of course, special attention is being paid to legal consultants in Switzerland.