Banks, managers of funds, investment companies, insurance institutions, traders in securities and gambling casinos are financial intermediaries.
Persons who on a professional basis accept, keep on deposit or help invest or transfer assets belonging to third parties shall also be deemed to be financial intermediaries, particularly persons who:
1) undertake credit transactions (including consumer credit or mortgages, factoring, financing of commercial transactions or financial leasing);
2) provide services related to payments, including electronic transfers on behalf of third parties, or who issue or manage means of payment such as credit cards and travellers cheques;
3) trade, on their own account or for third parties, in bank notes or cash, money market instruments, currency, precious metals, raw materials or securities (paper or other rights) and their derivatives;
4) undertake asset management;
5) make investments as investment adviser;
6) keep or manage securities.
The subjects excluded from the scope of the LRD, according to the art. 2 al. 4 LRD, are: the Swiss National Bank, the institutions of occupational pension provision exempt from the tax obligation, the persons who offer their services exclusively to institutions of occupational pension provision exempt from the tax obligation, and the financial intermediaries according to art. 2 cpv. 3 LRD that offer their services exclusively to financial intermediaries in accordance with art. 2 cpv. 2 LRD or foreign financial intermediaries, and subjects to equivalent supervision.
The Federal Council specified in the Ordinance of 18 November 2009 on the professional exercise of the activity of financial intermediation under the Money Laundering Act (OAIF, RS 955.071) who carries on the activity of financial intermediary on a professional basis.
Viking Europe Sagl is NOT subject to the Money Laundering Act, however to ensure greater transparency to its customers have voluntarily adhered to the control protocol imposed by the Swiss Authorities.