AMLA (Anti-Money Laundering Act)
The Swiss Anti-Money Laundering Act (AMLA) requires financial intermediaries to identify their contracting party and the beneficial owner of the assets, clarify the background of unusual transactions, keep records and report suspicions to the Money Laundering Reporting Office (MROS). That is why opening a relationship requires documents on the origin of funds.
Official source : RS 955.0 (fedlex.admin.ch)
See also
In the directory: Independent asset managers in Geneva · Private banks in Geneva · Family offices in Geneva