The implementation of money laundering law in Switzerland is at the heart of a consultation. Last March, Parliament agreed on a revision of the law aimed at strengthening the integrity of the Swiss financial center and combating the financing of terrorism.

Following the adoption of the ad hoc law by Parliament in March, the Federal Council put several implementing orders for consultation on Friday. The deadline runs until January 17, 2022. The elected officials have notably decided not to subject notaries, trustees and other tax advisers to the law on money laundering. The planned measures now cover several aspects, in particular the communication of suspicions of money laundering. The law also provides for the introduction of a compulsory authorization to purchase used precious metals. The project was developed in response to the recommendations of the Financial Action Task Force (FATF).