# VSB 20 Art. 2 — Relationship to other rules - **Rubric (DE):** Abgrenzung - **Rubric (EN):** Relationship to other rules - **Chapter:** 1. Kapitel — Einleitung - **Scope:** Banks & securities firms (incorporated via [[GwV-FINMA Art. 35 - Identification, controlling person and beneficial|GwV-FINMA Art. 35]]) - **Status:** In force (since 1 January 2020) ## Description Abs. 1: the rules of conduct set out in binding form the applicable rules of bank management (*Bankführung*) in line with ethical principles. They are intended to concretise certain due diligence duties regulated in the Anti-Money Laundering Act (*Geldwäschereigesetz*, GwG; Art. 3 to 5 GwG) and the concept of "the diligence required under the circumstances" (*nach den Umständen gebotene Sorgfalt*) when accepting assets under Art. 305ter of the Swiss Criminal Code (StGB). Abs. 2: the special clarification duties for business relationships or transactions with increased risk are the subject of the GwV-FINMA. Abs. 3: separate rules exist on the analogous application of the VSB to the business of credit card organisations. Abs. 4: a bank active in leasing may directly apply the eased provisions of the self-regulation rules SRO / SLV for its leasing business. ## Context & interpretation The SBA commentary states that when and how the background of business relationships or transactions with increased risks (*GmeR / TmeR*) is to be clarified, and the related special clarification duties, are regulated not in the VSB but in the GwV-FINMA. It states that the reference in Abs. 3 to the business of credit card organisations relates to the corresponding rules in the GwV-FINMA. ## FATF - None directly. ## Swiss counterparts - [[GwG Art. 3 - Verification of the identity of|GwG Art. 3]] — named in Abs. 1 (Art. 3 to 5 GwG): identification of the contracting party. - [[GwG Art. 4 - Establishing the beneficial owner|GwG Art. 4]] — named in Abs. 1: establishing the beneficial owner. - [[GwG Art. 5 - Repetition of identification - re-establishing|GwG Art. 5]] — named in Abs. 1: repetition of identification or establishment of the beneficial owner. - [[StGB Art. 305ter - Lack of due diligence and right to report|StGB Art. 305ter]] — VSB 20 Art. 2 Abs. 1 states that the VSB concretises the care required by the circumstances (*nach den Umständen gebotene Sorgfalt*) under StGB Art. 305ter. *(direct)* ## Part of - [[VSB 20]] ## Sources - VSB 20 (Vereinbarung vom 13. Juni 2018, in force 1.1.2020), Art. 2 - SBVg Kommentar zur VSB 20 (2020), Art. 2