Third national report on the risks of money laundering and terrorist financing
Berne, 14.10.2026 — During its meeting on 14 October 2026, the Federal Council was informed about the third national report on the risks of money laundering and terrorist financing. Switzerland's risk exposure in this area remains stable. The greatest threats stem from organised crime, corruption, and property and tax crime.
The third report by the interdepartmental coordinating group on combating money laundering and the financing of terrorism (CGMF) shows that the risks in the areas of money laundering and terrorist financing have not changed significantly. However, they have been influenced by technological progress, geopolitical changes and regulatory developments.
Switzerland is also a target for criminals due to its internationally significant and interconnected financial centre. The threats arise primarily in connection with predicate offences relating to organised crime, corruption and property and tax crime. In view of the Swiss financial centre's strong international interconnectedness, these threats often also have an international dimension. The risk of terrorist financing remains comparatively limited at present. The analysis also shows that certain sectors and industries face a particularly high risk of money laundering and terrorist financing. These include, in particular, sectors with high exposure to foreign markets and widespread use of new technologies, as well as sectors that have only recently been subject to regulation.
Based on the findings, the CGMF has made recommendations in its report. These include ensuring that monitoring and enforcement authorities are provided with adequate resources, improving the data available, and stepping up the exchange of information between the relevant stakeholders. Furthermore, the effectiveness of the reporting system, the precious metals control regime and the new transparency register should be assessed and, where necessary, adjusted. Finally, the regulatory amendments already planned in the areas of organised crime and supervisory instruments should be pushed forward. The Federal Council and the competent authorities continue to attach great importance to an effective framework for combating money laundering and terrorist financing, and are constantly reviewing this framework for potential improvements.
This national risk analysis systematically identifies, analyses and assesses the risks of money laundering and terrorist financing in Switzerland. It complements the strategy to combat money laundering and terrorist financing adopted by the Federal Council on 20 March 2026 and builds on the national risk analyses of 2021 and 2015. It helps the relevant authorities and offices to coordinate and focus their activities.