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International: FATF publishes AML/CFT report on Switzerland

The Financial Action Task Force ('FATF') released, on 13 February 2020, its anti-money laundering and countering the financing of terrorism ('AML/CFT') follow up report on Switzerland ('the Report'). In particular, the Report highlights that Switzerland had made progress to address the technical compliance deficiencies identified in the mutual evaluation report, and as a result, Switzerland had been re-rated on several recommendations. Moreover, the Report notes that Switzerland will remain in enhanced follow up and will continue to inform the FATF of progress achieved on improving the implementation of its AML/CFT measures.

You can read the Report here.