Switzerland’s progress in strengthening measures to tackle money laundering and terrorist financing

Paris, 13 February 2020 - Since the 2016 assessment of Switzerland’s measures to tackle money laundering and terrorist financing, the country has taken a number of actions to strengthen its framework.

Switzerland has been in an enhanced follow-up process following the adoption of its Mutual Evaluation Report of Switzerland 2016

To reflect Switzerland’s progress, the FATF has now re-rated the country on the following Recommendations:

• Recommendation 16 - Wire transfers, from partially compliant to largely compliant
• Recommendation 19 - Higher-risk countries, from partially compliant to compliant
• Recommendation 33 – Statistics, from partially compliant to compliant

The Follow Up Report Switzerland January 2020Follow Up Report Switzerland January 2020largely compliant. Follow Up Report Switzerland January 2020Follow Up Report Switzerland January 2020largely compliantFollow Up Report Switzerland January 2020Follow Up Report Switzerland January 2020Follow Up Report Switzerland January 2020

The FATF also maintained the rating of compliant for Recommendation 7 (Targeted financial sanctions related to proliferation).

Switzerland is rated compliant on 8 Recommendations and largely compliant on 27 Recommendations.  It is remains partially compliant on 5 Recommendations.

Switzerland will continue to report back to FATF on its progress.

Mutual Evaluation Report Switzerland - 2016