The FATF conducted its fourth review of Switzerland in 2016. In its mutual evaluation report, it acknowledged the generally good quality of the Swiss system for combating money laundering and terrorist financing. At the same time, it identified weaknesses in certain areas and issued recommendations. In June 2017, the Federal Council instructed the FDF to prepare a corresponding consultation draft which also reinforces the integrity of the Swiss financial centre. The Federal Council adopted the dispatch for the attention of Parliament at the end of June 2019. Parliament passed the revision in March 2021. Entry into force including implementing provisions is expected by mid-2022.