New Reporting Obligations for Shareholders of Ltd’s and Company Members of LLC’s

Reporting Obligations, FATF, Swiss Corporate Law, Shareholders

As part of the Federal Act on the Implementation of the Revised Recommendations of the Financial Action Task Force (FATF/GAFI) new reporting obligations for shareholders have been implemented in Swiss Corporate Law as per July, 01 2015. The new transparency obligations for legal entities shall serve the fight against money laundering and ensure fiscal transparency.

Subject matter of the new reporting obligations are shares of non-listed Swiss companies limited by shares (Ltd (AG)) and capital contributions of limited liability companies (LLC (GmbH)). Book-entry securities are not covered by the new reporting obligations.

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