10 Questions
What is the definition of a domiciliary company according to the text?
A company that does not exercise any trade or commercial activity
Who is considered a politically exposed person (PEP) according to the text?
Both foreign and domestic individuals entrusted with leading public functions
Where must suspicious activity reporting (SAR) be reported according to the text?
The Swiss Money Reporting Office (MROS
What is the punishment for crimes according to the text?
Imprisonment of more than three years
Who is considered a domestically exposed person according to the text?
Only domestic individuals entrusted with leading public functions
What is the requirement for money laundering to be committed according to the text?
The assets must be derived from a crime or qualified tax offense
What is the purpose of section 6.4.1 in the text?
To discuss the identification process for contracting partners
What is the definition of a controlling person according to the text?
A person who owns 25% or more shares or voting shares directly or indirectly
What is the assessment of inter-governmental organizations and international sport organizations according to the text?
They are assessed as PEPs
What is the purpose of the identification process mentioned in the text?
The purpose is not specified in the text
Study Notes
- Controlling person owns 25% or more shares or voting shares directly or indirectly.
- Domiciliary companies are legal entities that do not exercise any trade or commercial activity.
- Politically exposed persons (PEPs) include foreign and domestic individuals entrusted with leading public functions.
- Inter-governmental organizations and international sport organizations are also assessed as PEPs.
- Suspicious activity reporting (SAR) must be reported to the Swiss Money Reporting Office (MROS).
- Money laundering can only be committed with assets derived from a crime or qualified tax offense.
- Crimes are punishable by imprisonment of more than three years.
- Smartprofit Finder Ltd is mentioned in the text.
- Domestically exposed persons include individuals entrusted with leading public functions in Switzerland.
- Domiciliary companies may have no business premises or staff of their own.
- The text discusses an identification process.
- It mentions contracting partners who are natural persons.
- The identification process may be based on an official document.
- The process may involve dressing up.
- The text does not specify the purpose of the identification process.
- It is unclear what type of partners are being referred to.
- The text does not provide details on the official document that may be used for identification.
- The process may be important for some type of contract.
- The text does not provide information on the location or context of the identification process.
- There is no mention of any legal requirements for the identification process.
- There is conflicting information in the identification document and data provided by the contracting party.
- The information is against the other information.
- The text is discussing a situation of possible inconsistency or disagreement.
- The context is not specified.
- The document is related to identification.
- The contracting party provided data.
- The information is being compared or evaluated.
- The text is concise and uses abbreviations.
- The purpose of the document or situation is not clear.
- The text is open to interpretation.
- The text is discussing an existing business relationship.
- Section 6.4.1 is about beneficial ownership for natural persons.
- A responsible employee is making a request.
- The request is for confirmation.
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