Financial Action Task Force (FATF)

The Financial Action Task Force (FATF) is an intergovernmental body established in 1989 whose mandate is to set global standards and promote effective implementation of legal, regulatory, and operational measures to combat money laundering, terrorist financing, and related threats to the international financial system. It conducts periodic mutual evaluations of member jurisdictions — including Switzerland — whose findings directly shape national AML/CFT legislation and supervisory practice.

First mentioned: May 2026