- Federal Councilor Karin Keller-Sutter also wants to subject notaries and lawyers to the Money Laundering Act.
- The Finance Department is working on a template for a central register to identify the beneficial owners of legal entities.
- Parliament had prevented this two years ago when this law was revised.
Lawyers and notaries are also part of the template, said Finance Minister Keller-Sutter in an interview with the Tamedia newspapers published on Saturday. “We don’t have to bang our heads against the wall. It’s no good if Parliament scraps it again.
The revision included measures for financial intermediaries in the areas of beneficial ownership, timeliness of customer data and reports of suspected money laundering. However, Parliament did not want any new rules for lawyers, notaries and other advisors.
Revised law effective this year
But the Federal Council is of the opinion that it is necessary, »said the finance minister. The financial center is of enormous importance for the country. “Money laundering is a reputational risk for the financial center. We have an interest in keeping the attack surface as small as possible.” The revised Money Laundering Act came into force at the beginning of 2023.
The revised Money Laundering Act came into force at the beginning of 2023. The revision included measures for financial intermediaries in the areas of beneficial ownership, timeliness of customer data and reports of suspected money laundering. However, Parliament did not want any new rules for lawyers, notaries and other advisors.
Debt brake and stabilization program
In an interview, Keller-Sutter described the general financial situation of the federal government as tense. The numbers are out of kilter because there are too many new, unfunded expenses. “For the 2024 estimate, we therefore have to save two billion francs in order to comply with the debt brake.
In the two following years it is even three billion. » The Federal Council wants to propose a stabilization program for the years to come. In addition, according to Keller-Sutter, the personnel office is currently examining a study that came to the conclusion that state employees earn more than employees in the private sector.