Swiss parliament waters down AML reforms

The Swiss federal assembly has limited proposed anti-money laundering reforms for legal professionals. A bill, adopted in a final vote on 26 September and expected to take effect in January 2026, has emerged from its passage through the bicameral parliament's two houses, with greatly pared back requirements from an original May 2024 proposal.

By Sara Lewis, in Brussels

The Swiss federal assembly has limited proposed anti-money laundering reforms for legal professionals. A bill [1], adopted in a final vote on 26 September [2025] and expected to take effect in January 2026, has emerged from its passage through the bicameral parliament's two houses, with greatly pared back requirements from an original May 2024 proposal. [2]