The AMLA and the Anti-money laundering (AML) / Know Your Customer (KYC) requirements apply to financial intermediaries (art. 2 AMLA). Financial intermediaries are inter alia persons who on a professional basis accept or hold on deposit assets belonging to others or who assist in the investment or transfer of such assets; they include in particular persons who:
- carry out credit transactions (in particular in relation to consumer loans or mortgages, factoring, commercial financing or financial leasing);
- provide services related to payment transactions, in particular by carrying out electronic transfers on behalf of other persons, or who issue or manage means of payment such as credit cards and travellers’ cheques;
- trade for their own account or for the account of others in banknotes and coins, money market instruments, foreign exchange, precious metals, commodities and securities (stocks and shares and value rights) as well as their derivatives;
- manage assets;
- make investments as investment advisers;
- hold securities on deposit or manage securities.
Note: It includes persons who issue or manage means of payment e.g. payment token such as Bitcoin.
