Dealing With FATF Transparency Rules In The M&A And Advisory Practice

In an unusually fast procedure due to international pressure, Switzerland enacted increased transparency regulations for corporations, which became effective as of 1 July 2015. This FATF legislation is proposed to be further tightened. However, in light of uncertainties in the practical implementation of the existing FATF law, this tightening is premature.

1 TIGHTENING OF FATF TRANSPARENCY RULES ANTE PORTAS

As one of over 150 members of the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum), Switzerland is committed to implementing internationally agreed standards for transparency and the exchange of information for tax purposes. Compliance with the agreed standards is monitored by the Global Forum through periodic peer reviews.