1. Background: what the TJPV is about
On 26 September 2025, Parliament adopted the Federal Act on the Transparency of Legal Entities (TJPG) and at the same time approved a partial revision of the Anti-Money Laundering Act (AMLA). The aim is to strengthen Switzerland’s framework for combating money laundering and terrorist financing.
The TJPG requires legal entities to identify their beneficial owners, verify the information with due care and report it to a new central Transparency Register. The details are governed by the Transparency Register Ordinance (TJPV); the Consultation Results Report summarises the positions expressed during the consultation.
2. What the TJPV regulates in detail
The ordinance specifies the terms left open by the TJPG: the group of beneficial owners, the information to be obtained, the reporting procedure and the organisation of the register. The detailed TJPG check shows what this means specifically for your company.
3. The beneficial owner
A beneficial owner is any natural person who ultimately exercises actual control over a legal entity. The ordinance distinguishes between three types of control: direct participation, indirect participation and control by other means.
It is always about natural persons. Legal entities acting as intermediaries must be looked through – all the way to the natural person at the end of the chain.
4. Types of control and thresholds
Direct participation: at least 25% of the capital or voting rights. Indirect participation: more than 50% in the intermediate entities, which in turn hold ≥ 25% of the entity concerned. Control by other means: veto rights, appointment rights, determination of profit distributions.
5. Trusts, foundations and associations
For trusts, the following are considered beneficial owners: settlor, trustee, protector and specifically named beneficiaries. Special rules apply to foundations and associations that exercise control.
6. Information to be reported
Last name, first name, date of birth, nationality, residence, type of control (alone/jointly, direct/indirect), participation range (25–50%, more than 50–75%, more than 75%) and, where applicable, information on the control chain.
7. Foreign legal entities
The rules apply accordingly to foreign entities with a connection to Switzerland. In addition, they report their connecting factor and a representative in Switzerland.
8. The reporting procedure
Three channels: electronic platform of the Confederation (standard), commercial register office (alternative) or interface (planned). Simplified procedure for GmbHs with only natural persons as shareholders and single-shareholder AGs.
9. Content of and access to the register
The register contains the reported information plus the OASI number and control status. Access is limited to authorities and authorised bodies. Every access is logged and retained for two years.
10. Reporting discrepancies
Financial intermediaries and authorities must report discrepancies they identify – for example missing or incorrectly registered persons.
11. Control office and risk categories
The control office within the FDF monitors accuracy and completeness. Legal entities are classified on a risk-based basis (low, medium, high).
12. Fees
Registration, amendment and deletion are free of charge. Full extract: CHF 40. Reminders and rulings are subject to fees.
13. Revision of the AMLA and AMLO
In parallel with the TJPV, the Anti-Money Laundering Act was revised. Advisors (lawyers, notaries, fiduciaries) become subject, under certain conditions, to due diligence obligations.
14. Impact and costs
The Federal Council estimates the costs for SMEs at around CHF 350 per initial report (time required). The Confederation will incur costs for setting up and operating the register.
15. Entry into force and timeline
The TJPV entered into force on 1 October 2026 at the same time as the TJPG. A pilot operation was planned.