On May 22, the Federal Council adopted a resolution on the further development of the anti-money laundering system, which will be submitted to Parliament.
In this way, it is planned to strengthen the integrity and competitiveness of Switzerland as a financial and business center through a federal register of beneficial owners and due diligence for high-risk activities in the legal professions, as well as other provisions.
It is highly likely that a federal register will be introduced into which companies and other legal entities in Switzerland will be required to enter information about their beneficial owners. The registry should allow law enforcement agencies to more quickly and confidently determine who is really behind a given legal structure. The goal is to prevent legal entities in Switzerland from being used to launder money or hide assets. The register will not be publicly available.