Licence as a directly subordinated financial intermediary

Under the Anti-Money Laundering Act (AMLA), financial intermediaries who are not members of a self-regulatory organisation require a licence from FINMA.

Before a licence can be issued to a directly subordinated financial intermediary (DSFI), it must meet the licence conditions set out in the Act (Art. 14 AMLA).

A financial intermediary must:

  • be entered in the Commercial Register as a commercial undertaking or be officially authorised to conduct business;
  • be able to ensure compliance with AMLA requirements by having an appropriate organisational structure and internal regulations; and
  • enjoy a good reputation and be able to provide assurance both of compliance with its duties under AMLA and of proper business conduct. These conditions apply both to the organisation itself and to the individuals responsible for its administration and management.

Applications must demonstrate that future licence holders will meet all the licensing requirements specified in the Act or will do so immediately after authorisation has been granted.

The completed application form ("DSFI licence" application template) and enclosures should be sent to:

Swiss Financial Market Supervisory Authority FINMA
Markets division
"
Parabanking Sector Supervision" group
Laupenstrasse 27
3003 Bern

Applications must be submitted in an official language of the Swiss Confederation and signed by the applicant. Applications filed by the applicant's legal representative must be signed by this person; a certified copy of this person's power of attorney must also be enclosed.

FINMA will process the application once it has been submitted correctly and in full. If necessary, the applicant may be asked to submit further information or documents in order to establish full compliance with licensing requirements.

An application fee is charged regardless of the outcome of the process. The fee charged is in accordance with the FINMA Ordinance on the Levying of Supervisory Fees and Duties (FINMA-GebV; SR 956.122).

Information and templates

The following documents are available for applying for a DSFI licence:

2011/01 FINMA-Rundschreiben "Tätigkeit als Finanzintermediär nach GwG" (20.10.2010)

Ausführungen zur Geldwäschereiverordnung (GwV)

Updated: 26.10.2016 Size: 0,22  MB
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Gesuchsformular - DUFI-Bewilligung

Updated: 28.12.2015 Size: 0,14  MB
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Erklärung über weitere Mandate

Updated: 12.03.2015 Size: 0,04  MB
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