Geldwäscherei · money laundering
The Swiss German term is Geldwäscherei, not Geldwäsche as in Germany: the variant alone is a marker of the text's source. The offence is set out in the Swiss Criminal Code.
Request a demoThe term in four languages
- German
- Geldwäscherei
- French
- blanchiment d'argent
- Italian
- riciclaggio di denaro
- English
- money laundering
Definition
Money laundering means carrying out an act aimed at frustrating the identification of the origin, the tracing or the forfeiture of assets. The offender must know or must reasonably believe that the assets originate from a felony or an aggravated tax misdemeanour. Besides this offence in the Swiss Criminal Code, financial intermediaries are subject to due diligence obligations and a duty to report.
Swiss federal acts are published in German, French and Italian, and all three versions are equally authoritative. The English term shown here comes from the Federal Administration's English translation, published on Fedlex for information only. Where there is no translation, it follows common usage.
Full glossaryThe term in an official text
powered by Neur.onEin schwerer Fall liegt insbesondere vor, wenn der Täter: a. als Mitglied einer kriminellen oder terroristischen Organisation (Art. 260ter) handelt; b. als Mitglied einer Bande handelt, die sich zur fortgesetzten Ausübung der Geldwäscherei zusammengefunden hat; c. durch gewerbsmässige Geldwäscherei einen grossen Umsatz oder einen erheblichen Gewinn erzielt.
A serious case is constituted, in particular, where the offender: a. acts as a member of a criminal or terrorist organisation; b. acts as a member of a group that has been formed for the purpose of the continued conduct of money laundering activities; or c. achieves a large turnover or substantial profit through commercial money laundering.
Source: Fedlex, Swiss Criminal Code. In Corrext, this segment and the ones around it appear in Fast lookup CHnell, each with its reference.