FATF status

Switzerland is not on the FATF List of Countries that have been identified as having strategic AML deficiencies

Compliance with FATF Recommendations

The last Follow-up Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Switzerland was undertaken in 2023. According to that Evaluation, Switzerland was deemed Compliant for 8 and Largely Compliant for 29 of the FATF 40 Recommendations. It was also deemed Highly Effective for 0 and Substantially Effective for 7 with regard to the 11 areas of Effectiveness of its AML/CFT Regime.

Switzerland ranks 7th in Transparency International's Corruption Perceptions Index, indicating low corruption levels, with strict laws against bribery and effective enforcement mechanisms. The Swiss government actively combats corruption through various federal and cantonal authorities, and has ratified multiple international anti-corruption conventions. While the country has made significant strides in prosecuting foreign bribery, recommendations from the OECD suggest further improvements, particularly in protecting private sector whistleblowers and enhancing penalties for corruption.

Switzerland boasts a highly competitive economy, ranked fifth globally by the World Economic Forum in 2019, characterized by a sound institutional environment and high levels of technological innovation. The country is open to foreign investment, with a cumulative inward direct investment of USD 1.4 trillion as of 2020, and offers a favorable tax regime alongside a skilled, multilingual workforce. Key sectors attracting investment include information technology, pharmaceuticals, and precision engineering, supported by a transparent legal system and reliable infrastructure.

Switzerland boasts a positive investment climate, characterized by a welcoming attitude towards international investors and a transparent legal system. The country has a competitive economy with modest corporate tax rates, a skilled multilingual workforce, and extensive infrastructure, making it an attractive location for U.S. firms seeking regional headquarters. Additionally, Switzerland's commitment to maintaining national treatment for foreign investments and its high ranking in global competitiveness further enhance its appeal as an investment destination.