Switzerland attaches great importance to maintaining a healthy financial centre and thereby boosts its competitiveness. Over the past few decades, Switzerland has gradually established a robust and comprehensive system for combating money laundering and terrorist financing that combines preventive measures with repressive ones.
Since 2012, Switzerland has taken measures to adapt its system to the revised Financial Action Task Force (FATF) recommendations. In 2014, it adopted the Federal Act for Implementing the Revised FATF Recommendations of 2012 and revised the necessary implementing provisions.
In 2013, the Federal Council set up the interdepartmental coordinating group on combating money laundering and the financing of terrorism (CGMF). In June 2015, the CGMF published the first report on the national evaluation of the risks of money laundering and terrorist financing (NRA). It has also published several analyses of money laundering and terrorist financing risks in various areas (see below: "Further information", "Reports"). Further analytical reports are being produced.
The FATF reviewed Switzerland in 2016. Although the FATF recognises the overall good quality of the Swiss system, it did identify certain vulnerabilities and made recommendations accordingly. The CGMF has analysed the recommendations of the FATF in the mutual evaluation report on Switzerland. On this basis and in order to implement some of the most important recommendations, the Federal Council instructed the Federal Department of Finance to prepare a draft consultation paper. In particular, it proposes introducing obligations under the Anti-Money Laundering Act for certain services relating to the setting-up, management and administration of companies, as well as measures to increase the transparency of associations. Amendments are also planned in connection with precious metal and precious stone trading, the purchase of old precious metals and the reporting system. On 26 June 2019, the Federal Council adopted the Message to Parliament. Parliamentary discussions have started in winter 2019.
Bericht "National Risk Assessement (NRS): Korruption als Geldwäschereivortat" (PDF, 2 MB, 15.07.2019)(only in German and in French)
National Risk Assessment (NRA): Bericht über die Bargeldverwendung und deren Missbrauchsrisiken für die Geldwäscherei und Terrorismusfinanzierung in der Schweiz (PDF, 1 MB, 19.12.2018)(only in German and in French)
Bericht «National Risk Assessment (NRA): Geldwächereirisiken bei juristischen Personen» (PDF, 3 MB, 07.11.2018)(only in German and in French)
Last modification 30.01.2020