Podcast
Questions and Answers
What types of activities are permitted for SRO membership?
What types of activities are permitted for SRO membership?
- Operating a centralised crypto exchange FIAT/crypto or crypto/crypto
- Acting as a portfolio manager and exchanging securities tokens
- Launching an ICO (payment token) and accepting deposits from the public up to 1m CHF (correct)
- Accepting assets from the public exceeding CHF 1m and engaging in debt collection
What is the responsibility of SROs according to the AMLA?
What is the responsibility of SROs according to the AMLA?
- Exchanging securities tokens
- Accepting assets from the public exceeding CHF 1m
- Auditing affiliated financial intermediaries annually
- Defining due diligence requirements under AMLA in their own regulations (correct)
Which activity is prohibited for SRO membership?
Which activity is prohibited for SRO membership?
- Operating a centralised crypto exchange FIAT/crypto or crypto/crypto
- Launching an ICO (payment token)
- Accepting assets from the public exceeding CHF 1m
- Exchanging securities tokens (correct)
What type of exchange is permitted under SRO membership?
What type of exchange is permitted under SRO membership?
What is a prohibited activity for SRO membership?
What is a prohibited activity for SRO membership?
What is the definition of a financial intermediary according to the text?
What is the definition of a financial intermediary according to the text?
What is the notice period for termination/non-transferability of VQF membership?
What is the notice period for termination/non-transferability of VQF membership?
What can lead to the loss of association membership according to the text?
What can lead to the loss of association membership according to the text?
What does VASP stand for and what activities are performed by VASPs according to the text?
What does VASP stand for and what activities are performed by VASPs according to the text?
What does AMLA stand for and what are some of the duties of due diligence according to AMLA?
What does AMLA stand for and what are some of the duties of due diligence according to AMLA?
What is the definition of money laundering under the Swiss Criminal Code (SCC)?
What is the definition of money laundering under the Swiss Criminal Code (SCC)?
According to Art. 260 quinquies SCC, what does money laundering include?
According to Art. 260 quinquies SCC, what does money laundering include?
Who is subject to the Anti-Money Laundering (AML) regime as per the discussed text?
Who is subject to the Anti-Money Laundering (AML) regime as per the discussed text?
What does money laundering aim to frustrate according to the Swiss Criminal Code?
What does money laundering aim to frustrate according to the Swiss Criminal Code?
What constitutes an act of money laundering under Art. 305bis SCC?
What constitutes an act of money laundering under Art. 305bis SCC?
What is the primary intention behind financing a violent crime according to Art. 260 quinquies SCC?
What is the primary intention behind financing a violent crime according to Art. 260 quinquies SCC?
What is the purpose of the Travel Rule in the context of anti-money laundering regulations?
What is the purpose of the Travel Rule in the context of anti-money laundering regulations?
What is the significance of frustrating the identification of asset origin according to AML regulations?
What is the significance of frustrating the identification of asset origin according to AML regulations?
What does Art. 260 quinquies SCC specify regarding financing operations of terrorist organizations?
What does Art. 260 quinquies SCC specify regarding financing operations of terrorist organizations?
What is the primary characteristic of assets targeted by money laundering activities as per the Swiss Criminal Code?
What is the primary characteristic of assets targeted by money laundering activities as per the Swiss Criminal Code?
