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Swiss anti-Money Laundering Law

Buy gold bullion bars or coins online-safe storage in Switzerland

To Whom It May Concern

The Swiss Anti-money Laundering Act entered into force on April 1, 1998. All financial intermediaries must either be affiliated with a recognized self-regulatory organization (SRO) or be supervised directly by the Control Panel for the Prevention of Money Laundering (the Control Panel). These organizations and laws are the government watchdogs to ensure an orderly investment market in Switzerland including Investment Managers. Physicalswissgold Switzerland (registered as is exempted from these rules because Physicalswissgold does not accept, process or transfer monies from others or on behalf of others (clients, third parties). Physicalswissgold does not manage customers funds directly or indirectly. For these reasons, Physicalswissgold is neither supervised by a SRO, the Swiss Federal Banking Commission (EBK, SFBC), or by the Kontrollstelle für Geldwäscherei.

The task of Physicalswissgold Switzerland consists solely in the mediating of clients (client referrals) to Swiss financial services companies, which adhere and conform to the strict laws and regulations governing those institutions. Moreover, Physicalswissgold is in possession of and in compliance with a decision rendered by the Federal Finance Administration FFA, Kontrollstelle GwG (SR955.0) in Berne, Switzerland on November 10, 2003 on a motion filed by the Swiss Federal Banking Commission (EBK, SFBC). The latter clearly states that 'Under the existing legislation, asset managers are not subject to supervision by the SFBC, provided that they do not keep accounts in their own name but only in the name and on account of their clients. Foreign Exchange dealers, provided that they exclusively deal in foreign exchange, are not subject to supervision by the SFBC. Introducing brokers are not subject to any authorization requirements provided that they do not act as a representative of a foreign securities dealer. In the absence of any authorization requirements for these kinds of businesses, their activities is not subject to supervision by the SFBC'.

To open a bank account in Switzerland, you need to explain the economic origin of your funds. This means explaining how the money which you intend to deposit on your account became yours. This information is needed to comply with Swiss due diligence laws. Our purpose is to check that your money comes from a legal activity and not from trading drugs, extortion or other offences against the Swiss criminal code. It will be kept strictly confidential even if the account is not opened. Depending on what the origin is, we will ask you specific documents that are relevant to the origin of the funds.

No offer: Neither the information nor any opinion expressed on the web site constitutes an offer by Physicalswissgold,, or any of its associated banks, dealers, brokers, Securities intermediaries, Investment Managers or Fiduciaries to buy or sell any investments or provide any investment service. None of the information on the web site constitutes a personal recommendation or advice and the needs and circumstances of particular investors have not been considered in preparing the information. Investment in the herein described products and/or services may not be suitable for you and you should seek independent advice in cases of doubt.

Lugano, Switzerland

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