On 26 September 2025, the Swiss Parliament resolved to strengthen the rules on combating money laundering and terrorist financing. In addition to introducing a federal register of beneficial owners (the Transparency Register) via the new Federal Act on the Transparency of Legal Entities and the Identification of Beneficial Owners (LETA), the Anti-Money Laundering Act (AMLA) was revised comprehensively.

These measures are aimed at increasing transparency in ownership and control structures, including legal entities and trusts, strengthening the effectiveness of anti-money laundering measures and aligning Switzerland with international standards – in particular the recommendations of the Financial Action Task Force (FATF) and EU/EEA-practice.

Entry into Force

These legislative measures, including the implementing ordinances, are expected to come into force as early as mid-2026.

Scope of Application

The LETA applies to companies established under Swiss private law, to certain legal entities under foreign law and to trustees with domicile in Switzerland, except for trustees that are subject to the AMLA) (hereinafter referred to as the Legal Entities).

Apart from certain exceptions, the new transparency rules of the LETA include the duty to:

1. Identify, verify and report the beneficial owners of Legal Entities
2. Register the beneficial owners in a newly introduced Transparency Register
3. Identify, verify and report the beneficial owners of structures governed by foreign law whose actual management is carried out in Switzerland

How TAIDOS can Assist

At TAIDOS, we offer the following services for your Swiss Legal Entity:

• Assessment whether your Legal Entity is in scope of the LETA or if an exemption applies
• Assessment when your Legal Entity must submit the required notification to the Transparency Register once the LETA has entered into force
• Identification, verification and notification of a Legal Entity’s beneficial owner(s) to the Transparency Register
• Notification of changes to the Transparency Register
• Notification of differences to the Transparency Register
• Regular comparison of information we have on file with the information available in the Transparency Register

For further information or to read our full article, please reach out to info@taidos.ch.