Swisspro Asset Management AG (“Swisspro AM”) is a Association Romande des Intermédiaires Financiers (ARIF) (“SRO”) member firm since 5 September 2016 (Member No.: 2983), an SRO officially recognized by the Swiss Financial Market Supervisory Authority (FINMA), with dual supervision pursuant to (1) independent asset management and; (2) the Anti-Money Laundering Act (AMLA). The rules of professional conduct of SRO regulate the content of the asset management agreement and how it must be implemented (asset manager’s duty of trust, information and due diligence towards the customer and regulation of the asset manager’s compensation), with due attention aid to the protection of investors. Regulatory issues regarding Swisspro AM should be addressed to the SRO.
Anti Money Laundering (AML)
Swisspro AM is subject to provisions on Anti Money Laundering (AML) under the laws of Switzerland, which are in accordance with the FATF recommendations (Switzerland is a member country of the Financial Action Task Force FATF). This means in particular that Swisspro AM has to identify its customers and establish the beneficial owner’s identity. The AML compliance policies approved by the Management Board include inter alia the processes for the identification of the customers and establishing the identity of the beneficial owner. The policies also cover the collection of information regarding the customers’ business activities, relationships with Politically Exposed Persons and record retention procedures. Furthermore, Swisspro AM regularly provides AML training to relevant employees and does not provide banking services to any bank that does not maintain a physical presence in any country and that is not a regulated affiliate. The anti-money laundering policies are applicable to head office and branches alike and are in accordance with the Wolfsberg anti-money laundering principles.
The fight against money laundering and terrorist financing
As a self-regulatory organisation (SRO) approved by FINMA, ARIF ensures the respect by its members of the Federal Act on Combating Money Laundering and Terrorist Financing in the Financial Sector (MLA). Open to all professions of non-banking financial intermediation, ARIF has currently more than 500 members, in particular in the following areas:
- asset and fund management
- exchange and money transfer
- company administration, trusts
- payment services
- credit, leasing and factoring
- lawyers and notaries
- insurance brokerage
- About ARIF
Association Romande des Intermédiaires Financiers(ARIF)is a self-regulatory organisation for the fight against money laundering and against the financing of terrorism, editor of a code of deontology in the field of independent asset management
ARIF is a private non-profit organisation to which public duties have been delegated as regards the fight against money laundering and terrorist financing, as well as the rules of conduct binding independent asset managers. Any financial intermediary who wishes to become a member of ARIF must enjoy a good reputation in respect of his professional activity and guarantee compliance with the obligations under the MLA and under ARIF’s Articles of Association, Self-regulation Rules and Directives. The procedure for admission as a member is described in detail on ARIF’s website (www.arif.ch). Having become a registered member of ARIF, the applicant may immediately start its activity as a financial intermediary. ARIF’s working language is French, but its secretariat is able to communicate fluently in English, German and Italian.
Association Romande des Intermédiaires Financiers (ARIF)
- Rue de Rive 8
- CH-1204 Geneva
- Tel. +41 22 310 07 35
- Fax +41 22 310 07 39
- email : email@example.com