After the adoption of their Mutual Evaluation Report (MER), FATF member countries are required to provide information on the measures that have been implemented to deal with the deficiencies identified in the report. Switzerland is subject to this process of providing a biennial update (i.e. every two years) to the FATF Plenary on any of the 40+9 Recommendations that are rated PC (Partially Compliant) or NC (Non Compliant).

This follow-up report provides an overview of the main changes made to the AML/CFT system in Switzerland since the adoption of the mutual evaluation report of Switzerland in June 2005. With this report, Switzerland has been removed from the regular follow-up process.

The FATF completed an assessment of the implementation of its anti-money laundering and counter-terrorist financing standards in Switzerland.

During the third Plenary year of the FATF, under the Swiss presidency, the FATF agreed on three main priorities that should guide its work.