SwitzerlandThe Office of the Attorney General of Switzerland highlighted that it has secured the forfeiture of approximately CHF 36.6 million in connection with investigations into corrupt South American football officials.
The Switzerland Federal Tax Administration announced the exchange of information on financial accounts with 86 countries which facilitated investigations into tax evasion and other financial crimes.
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European Nations Feature Heavily in ‘FinCEN Files’
The Swiss Financial Market Supervisory Authority announced that it has found the Lugano, Switzerland-based bank in serious breach of the anti-money laundering requirements in connection with Venezuelan client relationships.
The Swiss Financial Market Supervisory Authority issued a reprimand against the Geneva, Switzerland-based private bank for breaches of the due diligence requirements under the anti-money laundering regulations.
| Technical | Effectiveness |
|---|---|
| Compliant : 8 | High : 0 |
| Largely Compliant : 27 | Substantial : 7 |
| Partially Compliant : 5 | Moderate : 4 |
| Non-Compliant : 0 | Low : 0 |
Switzerland's technical compliance was re-rated in a Feb. 13, 2020 follow-up report
| Rank : 78/125 |
| Score : 4.96/10 |
| Rank : 4/180 |
| Score : 85/100 |
| Rank : 3/133 |
| Score : 74/100 |