Switzerland Enacts New Anti-Money Laundering Laws

On June 12, 2026, the Swiss Federal Council announced the enactment of revised anti-money laundering legislation, set to take effect on October 1, 2026. This legislative package includes the updated Anti-Money Laundering Act and the new Act on the Transparency of Legal Persons and the Identification of Beneficial Owners.

The reforms aim to close existing gaps in Switzerland's framework for combating money laundering and terrorist financing. Key provisions include the establishment of a transparency register for beneficial owners of legal entities and the introduction of due diligence requirements for certain high-risk advisory activities.

The Federal Council emphasized that these measures are designed to enhance transparency and align Switzerland's financial regulations with international standards. Stakeholders have been granted a transition period to comply with the new requirements, ensuring a smooth implementation process.

These legislative changes underscore Switzerland's commitment to maintaining the integrity of its financial system and preventing illicit financial activities.