This is the conclusion reached by the third national risk report of the interdepartmental coordination group for combating money laundering, terrorist financing and proliferation financing (KGGT), on which the Federal Council was informed on Wednesday.

Although the risk situation continues to be influenced by technological progress, geopolitical changes and regulatory developments, it has overall not changed significantly. The international importance and interconnectedness of Switzerland's financial centre continue to make the country attractive to criminals, the report adds. Accordingly, many of the identified threats have an international dimension.

The risk of terrorist financing is currently assessed as comparatively limited. However, the report says there are elevated risks in certain sectors. These include, in particular, areas with a strong international focus, extensive use of new technologies and recently introduced regulation.

Authorities Should Strengthen Cooperation

The KGGT recommends ensuring that the resources of the competent supervisory and enforcement authorities are adequately secured and improving the data basis for risk assessment. In addition, exchange between the stakeholders involved should be intensified.

The report also recommends reviewing the effectiveness of the reporting system, precious metals control and the new transparency register and adjusting it where necessary. Planned regulatory adjustments in the area of organised crime and supervisory tools should also be pushed ahead.

Continuously Review the Existing System

The Federal Council and the competent authorities want to continue continuously reviewing the existing system for combating money laundering and terrorist financing and implementing possible improvements.

The current analysis builds on the national risk reports of 2015 and 2021. It also complements the strategy for combating money laundering and terrorist financing adopted by the Federal Council in March 2026. The aim is to coordinate the activities of the authorities involved and focus their resources specifically on the greatest risks.