Carlo Lombardini
lawyer at the Geneva bar, professor at the University of Lausanne
Published on December 22, 2024 at 9:26 p.m.
5 mins. reading
A bank is obliged to identify the beneficial owner of the funds entrusted to it if an account is opened in the name of a natural person or a domiciliary company. The beneficial owner must be a natural person.
The identity of the beneficial owner must be indicated on form A by the account holder. Identification does not only take place when opening an account but may need to be repeated as new funds enter an account. It is up to the bank concerned to decide according to its regulations when to request the signature of a new Form A.
Le Temps publishes columns, written by members of the editorial staff or external people, as well as opinions and columns, proposed to personalities or requested by them. These texts reflect the point of view of their authors. They in no way represent the position of the media.
Follow the news with us and support demanding and independent journalism
→ LAST DAYS! For the end-of-year holidays, take advantage of -25% on your annual subscription ????
Quality information just a click away. Offer valid until December 25, 2024.
I subscribe
Good reasons to subscribe to Le Temps:
- Unlimited access to all content available on the website
- Unlimited access to all content available on the mobile application
- Sharing plan of 5 articles per month
- Consultation of the digital version of the newspaper from 10 p.m. the day before
- Access to supplements and T, the Temps magazine, in e-paper format
- Access to a set of exclusive benefits reserved for subscribers
Already have an account?
Log in
Related News :