Self-regulatory organisations (SROs)

The Anti-Money Laundering Act states that financial intermediaries can become members of a self-regulatory organisation under civil law as a way of ensuring compliance with due diligence requirements. This is an alternative to direct supervision by FINMA.

Financial intermediaries who operate on a commercial basis, as defined in Article 2 para. 3 Anti-Money Laundering Act (AMLA), must either hold a FINMA licence as directly subordinated financial intermediaries or become members of a self-regulatory organisation (SRO) recognised by FINMA.

Recognition as an SRO

SROs define the due diligence requirements under AMLA in the form of regulations and monitor whether affiliated financial intermediaries comply with them. SROs must also establish controls to ensure that affiliated financial intermediaries meet their obligations.

For their part, SROs are subject to supervision by FINMA, which recognises and monitors them. FINMA recognises an organisation as an SRO if it:

  • has a set of regulations which set out the AMLA due diligence requirements in detail for its members;

  • monitors compliance with these regulations;

  • ensures that auditors and other individuals tasked with implementing these controls meet the requirements in terms of proper business conduct, independence and appropriate qualifications.

FINMA can conduct on-site inspections at SROs or delegate these activities to auditors. SROs must report any organisational changes to FINMA.

If an SRO then no longer meets the recognition requirements, FINMA will issue a warning and may withdraw recognition.

SRO regulations

SRO regulations and any amendments to them must be approved by FINMA. They define how affiliated financial intermediaries must implement the legal requirements under AMLA, including the requirement to establish the identity of all contractual partners and beneficial owners and the duty to report any suspicion of money laundering. They also define how SROs monitor compliance with these requirements (e.g. through periodic checks by internal or external auditors) and how breaches of the requirements are penalised. An SRO can impose penalties on its members and suspend them.

Self-regulatory organisations recognised by FINMA

1.

VQF Verein zur Qualitätssicherung von Finanzdienstleistungen

Baarerstrasse 112
Postfach
CH-6302 Zug

Phone +41 (0)41 763 28 20
Fax +41 (0)41 763 28 23

www.vqf.ch
info@vqf.ch

2.

Selbstregulierungsorganisation Verband öffentlicher Verkehr (SRO VöV)
Dälhölzliweg 12
CH-3000 Bern 6

Tel. +41 (0)31 359 23 23
Fax +41 (0)31 359 23 10

www.voev.ch
info@voev.ch

3.

Swiss Association of Asset Managers | SAAM
Bahnhofstrasse 35
CH-8001 Zurich

Phone +41 (0)44 228 70 10
Fax +41 (0)44 228 70 11

www.vsv-asg.ch
info@vsv-asg.ch

4.

Organismo di Autodisciplina dei Fiduciari del Cantone Ticino (OAD FCT)
Piazza Cioccaro 7
Postfach 6164
CH-6901 Lugano

Phone +41 (0)91 923 98 14
Fax +41 (0)91 922 94 40

http://www.oadfct.ch/
segretariato@oadfct.ch

5.

Selbstregulierungsorganisation des Schweizerischen Anwaltsverbandes und des Schweizerischen Notarenverbandes (SRO SAV/SNV)

Marktgasse 4
CH-3011 Bern

Phone +41 (0)31 313 06 00
Fax +41 (0)31 313 06 01

http://www.sro-sav-snv.ch/
sro.sav.snv@swisslawyers.com

6.

Association Romande des Intermédiaires Financiers (ARIF)

8, Rue de Rive
Postfach 3178
CH-1211 Geneva 3

Phone +41 (0)22 310 07 35
Fax +41 (0)22 310 07 39

http://www.arif.ch/
info@arif.ch

7.

Schweizerischer Leasingverband (SLV)

Rämistrasse 5
Postfach
CH-8024 Zurich

Phone +41 (0)44 250 49 90
Fax +41 (0)44 250 49 99

http://www.leasingverband.ch/
info@leasingverband.ch

8.

PolyReg Allg. Selbstregulierungs-Verein

Florastrasse 44
CH-8008 Zürich

Tel. +41 (0)43 488 52 80
Fax +41 (0)43 499 80 56

http://www.polyreg.ch/
info@polyreg.ch


PolyReg Association Générale d’Autorégulation

Rue du Château 23
CH-2000 Neuchâtel

Tél. +41 (0)32 720 92 30
Fax +41 (0)32 720 92 39

http://www.polyreg.ch/
info@polyreg-romandie.ch


PolyReg Associazione Generale di Autodisciplina

Via Nassa 56
CH-6900 Lugano

 

Tel. +41 (0)91 922 64 56
Fax +41 (0)91 922 64 58

http://www.polyreg.ch/
info@polyregticino.ch

9.

OAR-G Organisme d'Autorégulation des Gérants de Patrimoine

2, rue Pedro-Meylan
CH-1208 Geneva

Phone +41 (0)22 700 73 20
Fax +41 (0)22 700 73 24

http://www.oarg.ch/
secretariat@oarg.ch

10.

SRO-TREUHAND | SUISSE

Monbijoustrasse 20
Postfach 7956
CH-3001 Bern

Phone + 41 (0)31 380 64 80
Fax + 41 (0)31 380 64 31

http://www.sro-treuhandsuisse.ch/
sro@treuhandsuisse.ch

11.

Selbstregulierungsorganisation des Schweizer Verbandes der Investmentgesellschaften (SRO SVIG)

Grabenstrasse 25
CH-6340 Baar

Phone +41 (0)41 768 11 05

http://www.svig.org/
sro@svig.org

12.

Geschäftsstelle SRO-SVV

c/o Swiss Insurance Association SIA
C.F. Meyer-Strasse 14
P.O. Box
CH-8022 Zurich

Phone +41 (0)44 208 28 64
Fax +41 (0)44 208 28 43

http://www.sro-svv.ch/
thomas.jost@sro.svv.ch