Legal Service and Compliance

Keeping targets in sight & risks under control

While Compliance ensures that legal, regulatory and internal requirements are followed, thus shaping PostFinance’s corporate culture along with all staff, PostFinance’s internal Legal Service department issues legal advice, conducts proceedings and manages contracts.

Supervisory & control instruments

Compliance at PostFinance has effective supervisory and control systems, issues binding work instructions and holds relevant training courses. It supports employees in their everyday work and sets guidelines so that employees can avoid breaking rules – whether consciously or unconsciously.

Goals of Compliance

There may be far-reaching consequences if rules are breached. Employees or the company itself risk sanctions. PostFinance’s good reputation is also at stake. The main objectives of PostFinance’s Compliance department are to protect this reputation, adhere to the law and standards and always remain trustworthy. And, by doing so, PostFinance strengthens trust in Switzerland as a financial center.

The due diligence obligations of PostFinance Ltd

Taking measures to prevent money laundering and the financing of terrorism are a key part of the Compliance department’s activities. The Anti-Money Laundering Act (AMLA) forms the basis of the statutory framework behind this. PostFinance Ltd is regulated by the Swiss Financial Market Supervisory Authority (FINMA) in this area.

Electronic monitoring tools and well-trained employees help PostFinance to comply with statutory requirements and make an important contribution to preventing fraudulent activities. The “know your customer” (KYC) principle paves the way for achieving this objective.

Our “Due diligence obligations” brochure explains the “know your customer” principle and other compliance requirements to customers.

  • Due diligence

    Due diligence refers to the careful examination and analysis of a company, particularly with regard to its economic, legal, tax and financial circumstances. At PostFinance, due diligence specifically includes the following key points: know your customer (KYC), observing anti-money laundering provisions and Patriot Act certification.

    FATCA

    The Foreign Account Tax Compliance Act (FATCA) is a US law that aims to ensure that US taxpayers pay their US taxes. Here are answers to eight FAQs on FATCA.

    AEOI

    The automatic exchange of information (AEOI) is a standard process developed by the OECD in order to prevent tax evasion. Find out which information is exchanged, who is affected and which partner states Switzerland has drawn up an AEOI agreement with here.