Newsletter 633: Announcement High-risk and non-cooperative countries
Dear Sir or Madam,
The Financial Action Task Force (FATF) is an international body that sets and promotes measures for combating money laundering and terrorist financing. Switzerland is one of the FATF member countries. Three times a year, the FATF publishes its statement on high-risk and non-cooperative jurisdictions. This announcement was last updated in June 2019. Further information is available at :
The statement of the FATF on high-risk and non-cooperative jurisdictions must be taken into account by Swiss financial intermediaries as part of their risk management strategy. The VQF has implemented the statement in the county list (VQF doc. no. 902.4.1; availailbe on the VQF Collaboration Platform under VQF Downloads).
Kind regards,
VQF
Financial Services Standards Association
Please note that only the German version is legally binding.