First national report on money laundering and terrorist financing risks
Bern, 19.6.2015 - During its meeting today, the Federal Council acknowledged the first report on the national assessment of the money laundering and terrorist financing risks in Switzerland. Drawn up by an interdepartmental working group, the report also contains specific analyses of the most important areas subordinated to the Anti-Money Laundering Act as well as other selected areas that are not. It shows that Switzerland is not immune to financial crime and is still an attractive location for laundering the proceeds of crime mostly committed abroad. The report concludes that the current legislation takes appropriate account overall of the risks identified. At the same time, it recommends measures to strengthen the effectiveness of the Swiss system for combating money laundering and terrorist financing.