Renowned for its professionalism, quality of service, responsiveness and breadth of experience
3 Rue du Marché
PO Box 1668
CH-1211 Geneva 1
T: +41 (0) 22 715 1450
F: +41 (0) 22 715 1460
Switzerland’s long history of security, stability, competence and discretion underpin Geneva’s position as a pre-eminent international finance centre. The country’s political and economic stability is based on a tradition of neutrality and the strength of the Swiss Franc. A broad tax treaty network and an impressive financial infrastructure have developed over the years and a highly skilled, multi-lingual workforce is readily available.
Home to numerous banks, finance companies, independent asset managers as well as leading international lawyers and accountancy practices, this central European city is renowned for its professionalism, quality of service, responsiveness and breadth of experience.
PraxisIFM is a member of the of the Association Romande des Intermediaries Financiers (ARIF). ARIF is a self-regulating body approved by the Swiss Financial Market Supervisory Authority (FINMA) for the supervision of the financial intermediaries referred to in article 2 para. 3 of the Swiss Federal Law on combating money laundering and terrorism financing in the financial sector (AMLA). ARIF is also recognized by FINMA as a professional organization for laying down rules of conduct relating to the practice of the profession of independent asset managers within the meaning of the Swiss Federal Act on collective investment schemes.
Common Reporting Standards
The Organization for Economic Cooperation and Developments (OECD) has developed the Standard for Automatic Exchange of Financial Account Information (AEoI), also commonly referred to as the Common Reporting Standard (CRS). This requires financial institutions to identify the tax residencies of their clients and report the information to the local tax authorities.
Over 100 jurisdictions including Switzerland have signed the Multilateral Competent Authority Agreement (MCAA), which contains the detailed rules that govern the exchange of information amongst the signatory jurisdictions.
The complete list of participating countries and the status of local guidance is available on the CRS portal.