Integrity of the financial centre
Switzerland attaches great importance to a healthy financial centre and actively participates internationally in the fight against money laundering and terrorist financing. 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 actively participates internationally in the fight against money laundering and terrorist financing. In particular, it plays an active part in the Financial Action Task Force (FATF). The FATF regularly checks whether its member states are complying with the standards. Switzerland was evaluated for the fourth time in 2016. Although the FATF acknowledged the overall good quality of the Swiss system, it identified certain shortcomings and made corresponding recommendations.
In June 2019, the Federal Council adopted the dispatch on the amendment of the Anti-Money Laundering Act (AMLA). The aim of this proposal is to implement some of the most important country report recommendations. It envisages measures for providers of services in connection with companies or trusts (advisers) and for financial intermediaries. Moreover, it promotes the transparency of associations. Finally, it contains measures for trading in precious metals, precious stones and precious metal scrap.
Further information on the topic can be found on the website of the State Secretariat for International Finance SIF: