SECO amends 40 Ukraine sanctions listings

News

01 October 2019 

International sanction

Updated sanction message

The Federal Department of Economic Affairs, Education and Research WBF has published an amendment to Annex 3 of the Ordinance of 27 August 2014 on measures to prevent the circumvention of international sanctions in relation to the situation in Ukraine (SR 946.231.176.72).

On 27 September 2019, the Federal Department of Economic Affairs, Education and Research WBF amended the list of persons, companies and organizations sanctioned in this context. The change is directly applicable in Switzerland. On 1 October 2019, the WBF adapted the Swiss sanctions database SESAM (SECO Sanctions Management), which is relevant for Switzerland, and published the adaptation on its website . The change will take effect on 1 October 2019 at 18.00.

Financial Intermediaries are requested to immediately block the relevant assets and to report such business relationships to SECO in accordance with the provisions of the Regulation. Notification to SECO does not release a financial intermediary from immediately reporting to the Money Laundering Reporting Office pursuant to Art. 9 of the Money Laundering Act. 

My math may be off, but it looked like 21 individuals and 19 entities were updated.

Links:

FINMA Notice

Data files of updated – PDF, XML

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