# VSB 20 Art. 48 — Definition of flight of capital - **Rubric (DE):** Begriff der Kapitalflucht - **Rubric (EN):** Definition of flight of capital - **Chapter:** 6. Kapitel — Verbot der aktiven Beihilfe zur Kapitalflucht - **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: flight of capital (*Kapitalflucht*) is an unauthorised capital transfer in the form of foreign currency (*Devisen*), banknotes (*Noten*) or securities (*Wertschriften*) from a country that prohibits or restricts such a transfer abroad by residents for foreign-exchange purposes (*Deviseninländer*). Abs. 2: mere reporting duties in connection with the export of foreign currency do not count as a restriction of capital movements. ## Context & interpretation The SBA commentary on the 6. Kapitel (Art. 47–52) states only that the chapter and the articles it contains remain unchanged. ## FATF - None directly. ## Swiss counterparts - None in this map. ## Part of - [[VSB 20]] ## Sources - VSB 20 (Vereinbarung vom 13. Juni 2018, in force 1.1.2020), Art. 48 - SBVg Kommentar zur VSB 20 (2020), 6. Kapitel (chapter note at the end of the commentary on Art. 46)