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zeekayandHanzo Dev
5c7d0fa655
Lux Partners Limited is not the entity behind this work. Every place the old name stood — copyright lines, site footers, brand config, legal and compliance text — now names the company that actually holds it. lux.fund is the exception and is not renamed to match: that site belongs to Lux Assets Management LLC, a different company, and it says so. Two kinds of line were left for a person rather than rewritten. A dated news item recording that Lux Partners Limited was established in the Isle of Man is a historical fact, and renaming it would falsify the record. And a sentence asserting that the company is domiciled in the Isle of Man is a claim about a jurisdiction, not a name — an Inc or an LLC is not an Isle of Man company, so swapping the name there would assert something untrue. Co-authored-by: Hanzo Dev <[email protected]>
213 lines
6.8 KiB
Go
213 lines
6.8 KiB
Go
// Copyright 2024-2026 Lux Industries Inc. All rights reserved.
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// Use of this source code is governed by the Apache 2.0
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// license that can be found in the LICENSE file.
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package regulatory
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// Switzerland implements the Jurisdiction interface for Swiss FINMA regulation.
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// Covers the DLT Act 2021, AMLA (Anti-Money Laundering Act), Banking Act,
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// and VASP registration requirements.
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type Switzerland struct{}
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func (ch *Switzerland) Name() string { return "Switzerland" }
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func (ch *Switzerland) Code() string { return "CH" }
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func (ch *Switzerland) RegulatoryFramework() string { return "finma" }
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func (ch *Switzerland) PassportableTo() []string { return nil }
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func (ch *Switzerland) Requirements() []Requirement {
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return []Requirement{
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{
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ID: "ch-finma-licence",
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Category: "licensing",
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Description: "FINMA licence for securities dealing, banking, or fund management",
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Mandatory: true,
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Reference: "Financial Institutions Act (FinIA/FINIG), art. 3-5",
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},
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{
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ID: "ch-dlt-facility",
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Category: "licensing",
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Description: "DLT trading facility licence under DLT Act 2021 for tokenized securities",
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Mandatory: false,
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Reference: "Financial Market Infrastructure Act (FMIA/FinfraG), art. 73a-73i (DLT Act 2021)",
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},
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{
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ID: "ch-amla-kyc",
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Category: "kyc",
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Description: "CDD under Anti-Money Laundering Act: verify identity, beneficial owner, purpose",
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Mandatory: true,
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Reference: "AMLA (GwG), art. 3-5",
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},
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{
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ID: "ch-amla-edd",
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Category: "kyc",
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Description: "Enhanced due diligence for PEPs and high-risk relationships",
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Mandatory: true,
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Reference: "AMLA (GwG), art. 6a; AMLO-FINMA art. 13-19",
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},
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{
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ID: "ch-amla-str",
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Category: "reporting",
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Description: "Suspicious Activity Report to MROS (Money Laundering Reporting Office Switzerland)",
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Mandatory: true,
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Reference: "AMLA (GwG), art. 9",
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},
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{
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ID: "ch-amla-record",
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Category: "reporting",
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Description: "Record-keeping obligation: 10 years after relationship ends",
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Mandatory: true,
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Reference: "AMLA (GwG), art. 7",
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},
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{
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ID: "ch-finma-vasp",
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Category: "licensing",
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Description: "VASP (Virtual Asset Service Provider) registration with FINMA for crypto activities",
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Mandatory: false,
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Reference: "AMLA (GwG), art. 2 para. 3bis; FINMA Guidance 02/2019",
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},
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{
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ID: "ch-cdb-agreement",
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Category: "aml",
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Description: "Agreement on Due Diligence (CDB 20) obligations via SBA member banks",
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Mandatory: true,
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Reference: "Swiss Bankers Association CDB 20 (Convention of Diligence)",
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},
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{
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ID: "ch-fatca-aeoi",
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Category: "reporting",
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Description: "FATCA/AEOI (Automatic Exchange of Information) reporting to FTA",
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Mandatory: true,
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Reference: "AEOI Act (AIAG), Federal Act of 18 December 2015; FATCA Agreement",
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},
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{
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ID: "ch-dlt-custodian",
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Category: "licensing",
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Description: "FINMA-registered custodian requirement for DLT securities (ledger-based securities under CO art. 973d-i)",
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Mandatory: false,
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Reference: "Swiss Code of Obligations (CO), art. 973d-973i; DLT Act 2021",
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},
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}
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}
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func (ch *Switzerland) ValidateApplication(app *ApplicationData) []Violation {
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var violations []Violation
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if app.GivenName == "" {
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violations = append(violations, Violation{
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RequirementID: "ch-amla-kyc",
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Field: "given_name",
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Message: "Full name is required for AMLA CDD",
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Severity: "error",
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})
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}
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if app.FamilyName == "" {
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violations = append(violations, Violation{
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RequirementID: "ch-amla-kyc",
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Field: "family_name",
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Message: "Family name is required for AMLA CDD",
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Severity: "error",
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})
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}
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if app.DateOfBirth == "" {
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violations = append(violations, Violation{
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RequirementID: "ch-amla-kyc",
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Field: "date_of_birth",
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Message: "Date of birth is required for AMLA CDD",
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Severity: "error",
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})
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}
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// AHV number for Swiss residents
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if (app.Country == "CH" || app.CountryOfTax == "CH") && app.TaxID == "" {
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violations = append(violations, Violation{
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RequirementID: "ch-amla-kyc",
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Field: "tax_id",
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Message: "AHV-Nr (social insurance number) is required for Swiss tax residents",
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Severity: "error",
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})
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}
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if len(app.Street) == 0 || app.Street[0] == "" {
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violations = append(violations, Violation{
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RequirementID: "ch-amla-kyc",
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Field: "street",
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Message: "Residential address is required for AMLA CDD",
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Severity: "error",
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})
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}
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if app.City == "" {
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violations = append(violations, Violation{
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RequirementID: "ch-amla-kyc",
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Field: "city",
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Message: "City is required",
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Severity: "error",
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})
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}
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if app.PostalCode == "" {
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violations = append(violations, Violation{
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RequirementID: "ch-amla-kyc",
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Field: "postal_code",
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Message: "PLZ (postal code) is required",
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Severity: "error",
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})
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}
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if app.Email == "" {
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violations = append(violations, Violation{
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RequirementID: "ch-amla-kyc",
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Field: "email",
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Message: "Email address is required",
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Severity: "error",
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})
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}
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if app.FundingSource == "" {
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violations = append(violations, Violation{
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RequirementID: "ch-amla-kyc",
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Field: "funding_source",
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Message: "Source of funds is required under AMLA art. 4",
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Severity: "error",
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})
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}
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if app.IsPoliticallyExposed == nil {
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violations = append(violations, Violation{
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RequirementID: "ch-amla-edd",
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Field: "is_politically_exposed",
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Message: "PEP status declaration is required under AMLA art. 6a",
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Severity: "error",
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})
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}
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if app.IsPoliticallyExposed != nil && *app.IsPoliticallyExposed {
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violations = append(violations, Violation{
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RequirementID: "ch-amla-edd",
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Field: "is_politically_exposed",
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Message: "Enhanced due diligence required: customer is a PEP under AMLA art. 6a",
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Severity: "warning",
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})
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}
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// DLT securities require FINMA-registered custodian
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if app.AccountType == "entity" && app.Country == "CH" {
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violations = append(violations, Violation{
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RequirementID: "ch-dlt-custodian",
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Field: "account_type",
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Message: "Entity accounts for DLT securities require a FINMA-registered custodian (CO art. 973d-i)",
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Severity: "warning",
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})
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}
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return violations
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}
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func (ch *Switzerland) TransactionLimits() *Limits {
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return &Limits{
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SingleTransactionMax: 200_000, // CHF 200k
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DailyMax: 1_000_000, // CHF 1M
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MonthlyMax: 5_000_000,
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CTRThreshold: 100_000, // CHF 100k AMLA threshold for enhanced verification
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TravelRuleMin: 1_000, // CHF 1k FATF travel rule (AMLO-FINMA art. 10)
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Currency: "CHF",
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}
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}
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