Overview of Swiss AML regulations

Switzerland's AML framework is built on the Federal Act on Combating Money Laundering and Terrorist Financing (AMLA), supervised by FINMA. Switzerland's unique self-regulatory organisation (SRO) model provides sector-specific supervision for non-bank financial intermediaries.

The SRO model

Financial intermediaries not directly supervised by FINMA must join a recognised SRO that oversees their AML compliance. SROs set sector-specific standards, conduct audits, and enforce compliance within their membership. This model is unique to Switzerland and requires businesses to understand which SRO applies to their activity.

Swiss sanctions

The State Secretariat for Economic Affairs (SECO) administers Swiss sanctions. Switzerland generally aligns with EU sanctions but maintains an independent regime. The Money Laundering Reporting Office (MROS) receives and analyses suspicious activity reports.