07.12.2016 | Anti-Money Laundering, Asset Recovery
New FATF Evaluation on Switzerland – a comparative analysis
Today (7 December 2016), the Financial Action Task Force (FATF) released its latest evaluation of Switzerland. According to this FATF report, Switzerland’s regulatory framework on anti-money laundering and terrorism financing (AML/CFT) is well developed, but its application shows certain weaknesses.
In particular, the FATF report points to a lack of efficiency in international…