Financial Action Task Force
The Financial Action Task Force (FATF) is conceived as a leading international body for combating money laundering and terrorist financing. It has issued 40 recommendations and regularly checks whether member states have implemented them into their national law.
Switzerland plays an active role in the fight against cross-border financial crime, bearing in mind the internationally recognised standard of the FATF. The FATF is headquartered at the OECD in Paris. It regularly reviews its members’ national regulations for the implementation of its 40 recommendations. These mutual evaluations are performed by representatives of other FATF member states.
Although the FATF recognised the overall high quality of the Swiss system, it identified certain weaknesses and issued corresponding recommendations. On 19 October 2023, the FATF published Switzerland's fourth follow-up report on the last country evaluation in 2016. The FATF acknowledges the progress made by Switzerland, in particular through the revision of the Anti-Money Laundering Act (AMLA) adopted in March 2021. Switzerland has thus completed the specific follow-up process.
In October 2024, the FATF completed the fourth round of evaluations. At its plenary meeting in October 2025, the FATF will discuss the first two country reports of the fifth round of evaluations (Malaysia and Belgium). Switzerland will undergo its fifth country review by the FATF in 2026–2027.