Swiss Criminal CodeEnglish is not an official language of the Swiss Confederation. This translation is provided for information purposes only and has no legal force. of 21 December 1937 (Status as of 1 January 2022) Insufficient diligence in financial transactions and right to report 1 Any person who as part of his profession accepts, holds on deposit, or assists in investing or transferring outside assets and fails to ascertain the identity of the beneficial owner of the assets with the care that is required in the circumstances shall be liable to a custodial sentence not exceeding one year or to a monetary penalty.357 2 The persons included in paragraph 1 above are entitled to report to the Money Laundering Reporting Office in the Federal Office of Police any observations that indicate that assets originate from a felony or an aggravated tax misdemeanour in terms of Article 305bis number 1bis.358 356 Inserted by No I of the FA of 23 March 1990, in force since 1 Aug. 1990 (AS 1990 10771078; BBl 1989 II 1061). 357 Penalties revised by No II 1 para. 16 of the FA of 13 Dec. 2002, in force since 1 Jan. 2007 (AS 2006 34593535; BBl 1999 1979). 358Inserted by No I of the FA of 18 March 1994 (AS 1994 1614; BBl 1993 III 277). Amended by No I 4 of the FA of 12 Dec. 2014 on the Implementation of the 2012 Revision of the Recommendations of the Financial Action Task Force, in force since 1 Jan. 2016 (AS 20151389; BBl 2014605). |