Switzerland attaches great importance to preserving the integrity of its financial centre. This boosts 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.
Switzerland plays an active role in the fight against cross-border financial crime, bearing in mind the internationally recognised standard of the Financial Action Task Force (FATF). FATF is conceived as a leading international body for combating money laundering and is headquartered at the OECD in Paris. It regularly reviews its members’ national regulations for the implementation of the 40 recommendations. These mutual evaluations are performed by representatives of other FATF member states.
Since 2012, Switzerland has taken measures to adapt its system to the revised 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), which published the first report on the national evaluation of the risks of money laundering and terrorist financing in Switzerland in June 2015.
On 7 December 2016, the FATF published the fourth mutual evaluation report on Switzerland. Overall Switzerland receives good marks, also in comparison to the other countries which have already been reviewed. Switzerland will be subject to a follow-up process which is normal in the context of the FATF evaluations. The Federal Department of Finance will analyse the recommendations of the report in the context of the interdepartmental coordinating group on combating money laundering and the financing of terrorism (CGMF) and will submit a corresponding proposal in 2017 to the Federal Council.
- Bericht über die Schliessfächer und deren Missbrauchsrisiken für Geldwäscherei (in German only) (PDF, 124 kB, 14.12.2015)
- Federal Council report on virtual currencies in response to the Schwaab (13.3687) and Weibel (13.4070) postulates (PDF, 245 kB, 25.06.2014)
- Rapport de suivi de la Suisse 2013 (only in French) (PDF, 192 kB, 13.10.2013)
- Rapport de suivi de la Suisse 2011 (only in French) (PDF, 475 kB, 18.10.2011)
- Rapport de suivi de la Suisse 2009 (only in French) (PDF, 1 MB, 27.10.2009)
- Rapport de suivi de la Suisse 2005 (only in French) (PDF, 1 MB, 04.11.2005)
Last modification 01.06.2018