Scope of services
Peak Compliance takes over second line of defence tasks for asset management companies in Liechtenstein:
- Compliance function and deputy cover: ongoing monitoring of regulatory duties; deputy cover during absences or staff shortages.
- Due diligence under the SPG: tasks of the due diligence officer under Art. 34 SPV.
- AML competence centre: client onboarding analyses, remediation projects, project reviews and internal investigations.
- Risk assessment: support in preparing and updating the risk assessment under Art. 9a SPG.
- Risk management and internal control: a digital internal control system with task management, and ongoing analysis of risks, controls, directives and reporting.
- Sanctions: technology-supported sanctions monitoring and screening.
- Directives: drafting and maintaining internal directives and document templates.
- Training: staff training on site or by e-learning (Art. 32 SPV).
- Reporting and audits: periodic reporting to senior management and the management body; support during audits up to the closing meeting.
The process in six steps
- 1Analysistogether we assess your current compliance and risk framework and set the objectives.
- 2Requirements and solutionbased on your needs, we propose the right scope, from a single function to the full second line of defence.
- 3Quoteyou receive an offer setting out scope, services and transparent pricing.
- 4Contractthe contract can be accepted online.
- 5Onboardingprocesses are set up on site or remotely; the FMA is notified of the appointed function holders (Art. 36 SPV).
- ✓Ongoing operationPeak Compliance performs the agreed tasks while you focus on your core business.
Due diligence duties under the SPG at a glance
| Duty | Content | Peak Compliance's contribution |
|---|---|---|
| Identification (Arts. 6–7 SPG) | establish and verify the contracting party and the beneficial owner using conclusive documents | review of documents at client onboarding |
| Business profile (Art. 8 SPG) | including source of assets and purpose and nature of the relationship, kept up to date | templates and plausibility checks |
| Monitoring (Art. 9 SPG) | monitor relationships and transactions for consistency with the profile | clarifications and documentation |
| Enhanced due diligence (Art. 11 SPG) | including politically exposed persons and higher-risk countries | risk classification and approval process |
| Risk assessment (Art. 9a SPG) | identify, document and update risks and make them available to the FMA | preparation and updates together with you |
| Reporting (Art. 17 SPG) | report suspicions to the Financial Intelligence Unit promptly and in writing | case-by-case support |
| Documentation (Art. 20 SPG) | keep due diligence files, generally for ten years | file management to clear standards |
Legal basis
- Due Diligence Act (SPG, German): scope covering asset management companies (Art. 3), due diligence duties (Arts. 5–9), risk assessment (Art. 9a), reporting to the Financial Intelligence Unit (Art. 17), documentation (Art. 20), internal organisation (Arts. 21–22)
- Due Diligence Ordinance (SPV, German): training (Art. 32), due diligence officer (Art. 34), investigating officer (Art. 35), requirements and delegation to external specialists (Art. 36)
- Asset Management Act (VVG, German): organisation and internal control (Arts. 7b, 7c), delegation (Art. 12)
- FMA – national anti-money laundering regulation
Scope and responsibilities
- Responsibility: the company and its function holders remain responsible (Art. 12 VVG, Art. 36 para. 4 SPV); Peak Compliance performs the delegated tasks and reports regularly.
- FMA: supervises the asset management company, including compliance with due diligence duties.
- Audit firm: appointed under the VVG; Peak Compliance helps you prepare for and follow up on audits.
- Licensing: for new companies, Peak Compliance guides the procedure under licence as an asset management company; for Switzerland, see compliance outsourcing; all licence types are on FINMA and FMA licensing.
Why Peak Compliance
- Two markets, one team: Peak Compliance AG, founded in 2024 and based in Zurich, serves asset managers in Switzerland and Liechtenstein.
- Experience: mandates with FMA-supervised asset management companies and support for licensing procedures with FINMA and the FMA.
- The full function from one provider: Peak Compliance takes over the second line of defence as a function, including deputy cover.
- Liechtenstein insights: for example external research in portfolio management since 1 September 2026.
- Complementary: risk management outsourcing with a digital internal control system.
Discuss your mandate with us: reach Peak Compliance by phone, contact form or online booking on our contact page.
At a glance
| Item | Details |
|---|---|
| Who it is for | Asset management companies licensed by the FMA under the VVG, and companies being set up |
| What | Compliance and risk management function, due diligence duties under the SPG, deputy cover |
| How | Analysis, quote, onboarding on site or remotely, ongoing operation with reporting |
| When | from licensing or at any time during operation, for example when staff change |
| Pricing | A quote with a defined scope and transparent pricing after the analysis |
| Service base | Zurich; postal address in Vaduz |
Frequently asked questions
May an asset management company outsource its due diligence officer?
Yes. Under Art. 36 para. 3 SPV, the tasks of the due diligence officer and the investigating officer may be entrusted to suitably qualified internal or external persons or specialist bodies. The appointment and any change must be notified to the FMA without delay.
What does the due diligence officer do?
The due diligence officer supports and advises senior management on implementing due diligence law, prepares the internal directives and plans and monitors internal training (Art. 34 SPV). The officer also prepares an annual activity report by the end of March. Peak Compliance carries out these tasks as part of the mandate.
Which functions does the SPG require in the internal organisation?
Art. 22 SPG requires a contact person for the supervisory authority, a due diligence officer, an investigating officer and a member of senior management responsible for compliance. Deputies must be in place. Peak Compliance takes over the due diligence officer's tasks and ensures continuity with deputy solutions.
How do Peak Compliance and the company work together?
Peak Compliance takes over the compliance function and the due diligence duties as a delegated activity under Art. 12 VVG, with clear responsibilities, documented processes and regular reporting to senior management and the management body. The company focuses on its core activity, asset management.
Does Peak Compliance work from Liechtenstein?
Peak Compliance AG has its registered office in Zurich and serves Liechtenstein mandates from there; in Vaduz it has a postal address at Werdenbergerweg 11, 9490 Vaduz. Processes are implemented on site or remotely.
