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Other legislation

The following laws also contain provisions that can apply to the fund business.

Money Laundering Act

The Federal Act on the Prevention of Money Laundering in the Financial Sector (MLA) contains provisions on combating money laundering as defined under Article 305ff of the Swiss Penal Code and is aimed at ensuring that due diligence is exercised in financial transactions. Distributors of investment funds are subject to the MLA, as are fund management companies that offer investment accounts (unit accounts).

See also the FBC's Money Laundering Ordinances (MLO-FINMA)