On 1 October 2026, the revised Anti-Money Laundering Act and the new Transparency Act enter into force. For banks, the new federal register of beneficial owners is mainly an additional data source. For FinTechs and digital financial platforms, it is something more demanding: a new interface in the KYC architecture, a new discrepancy-reporting duty that requires legal judgement at scale, and a fresh test of who is responsible for what in bank–FinTech partnerships.
Introduction
On 1 October 2026, the revised Anti-Money Laundering Act (AMLA) and the new Federal Act on the Transparency of Legal Entities and the Identification of Beneficial Owners (LETA) enter into force. Parliament adopted both acts on 26 September 2025; the Federal Council set the date of entry into force on 12 June 2026, together with the implementing ordinance. The reform establishes a central, non-public federal register of beneficial owners (the transparency register) and extends the AMLA to certain high-risk
