Consultation on the Anti-Money Laundering Ordinance on Precious Metals
On 19 March 2021, the Swiss Parliament passed a revision of the Swiss Money Laundering Act. As a result, the Swiss Precious Metals Control Office, which is affiliated to the Swiss Federal Customs Administration, is to become the money laundering supervisory authority for trade auditors and group companies dealing in bank precious metals. Thus, the competence to concretise the due diligence obligations regarding precious metals according to Chapter 2 of the Swiss Anti-Money Laundering Act (AMLA) is transferred to the Swiss Federal Customs Administration.
The draft Anti-Money Laundering Ordinance on Precious Metals containing new due diligence obligations was published on 1 October 2021. The draft also concretises the provisions on supervision by the Precious Metals Control Office. On the same day, an explanatory report was published and a consultation was opened. It ends on 17 January 2022.
These are the upcoming dates for our Annual General Meetings:
Thursday, 21 March 2024
Thursday, 20 March 2025