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 corruption effectively enforced. The Swiss legal framework includes provisions for both public and private sector bribery, and while the country has made significant strides in combating foreign bribery, recommendations from the OECD suggest further improvements, particularly in protecting whistleblowers and enhancing sanctions. Overall, U.S. firms have not reported corruption concerns in recent years, reflecting a transparent business environment.

Switzerland boasts a highly competitive economy characterized by a transparent legal system, efficient capital markets, and a strong emphasis on technological and scientific research. The country has attracted over USD 1 trillion in cumulative inward direct investment, with a significant portion coming from the United States, and it maintains modest corporate tax rates that appeal to international firms. Furthermore, Switzerland's diverse economy includes key sectors such as pharmaceuticals, machinery, and financial services, contributing to its reputation as a global economic hub.

Switzerland offers a positive investment climate, characterized by a transparent legal system, efficient capital markets, and a skilled workforce. The country has attracted over USD 1 trillion in cumulative inward direct investment, with a significant portion coming from the United States, drawn by its competitive corporate tax rates and favorable labor laws. Additionally, Switzerland's cantonal autonomy allows for tailored investment incentives, further enhancing its appeal to international investors.