On 13 February, FATF published the 3rd enhanced follow-up report on Switzerland, which follows up on developments since the original mutual evaluation report in 2016. As with other such reports, it addresses changes and re-rating of technical compliance to FATF Recommendations, and not effectiveness. The report also addresses new FATF Recommendations since the 2016 report. As a result of progress, Switzerland has been re-rated on the following FATF Recommendations: 8, 16, 19 and 33. The FATF welcomes the progress achieved by Switzerland in order to improve its technical compliance with Recommendations 2, 5, 10, 15, 18 and 21 – but the progress is judged insufficient to justify an upgrade of the rating of these Recommendations. Finally, Switzerland remains largely compliant with revised Recommendation 15 and compliant with the revised Recommendation 7. However, Switzerland remains in enhanced follow-up.