# VSB 20 Art. 25 — Further exceptions concerning determination of controlling persons - **Rubric (DE):** Weitere Ausnahmen von der Feststellungspflicht - **Rubric (EN):** Further exceptions concerning determination of controlling persons - **Chapter:** 3. Kapitel — Feststellung des wirtschaftlich Berechtigten an operativ tätigen juristischen Personen und Personengesellschaften (2. Abschnitt: Ausnahmen von der Feststellungspflicht) - **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: companies and communities that aim to safeguard the interests of their members or beneficiaries through joint self-help, or that pursue political, religious, scientific, artistic, charitable, social (*gesellig*) or similar purposes, do not have to give a declaration about the controlling persons (*Kontrollinhaber*), as long as they pursue exclusively those purposes and have no recognisable link to countries with increased risks. Abs. 2: simple partnerships (*einfache Gesellschaften*) do not have to give a declaration. ## Context & interpretation The SBA commentary calls the Abs. 1 purposes an *ideeller Zweck* and states that the link to a risk country is assessed case by case. A link may exist, for example, for payment orders from or to a risk country, or where one or more members have their effective residence or domicile in a risk country and there are recognisable indications that they have a dominant influence on the company or community. As examples of simple partnerships it names Jasskassen, Klassenkassen, Guggenmusiken, Erbengemeinschaften and companies in formation. ## FATF - [[FATF R.10 - Customer due diligence|FATF R.10]] — related: this article limits the controlling-person declaration used to identify the beneficial owner of legal-person customers. ## Swiss counterparts - [[GwV-FINMA Art. 58 - Exemptions from establishing controlling persons|GwV-FINMA Art. 58]] — parallel exemption for simple partnerships (lit. f); the Abs. 1 exemption has no counterpart in Art. 58. - [[VSB 20 Art. 20 - Establishing the controlling persons|VSB 20 Art. 20]] — the declaration duty to which this exemption applies (Art. 20 Abs. 6 reserves Art. 22–26). ## Part of - [[VSB 20]] ## Sources - VSB 20 (Vereinbarung vom 13. Juni 2018, in force 1.1.2020), Art. 25 - SBVg Kommentar zur VSB 20 (2020), Art. 25