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Updated Ukraine-related sanctions notice from FINMA

Note the changed wording on the FINMA page for their Ukraine-related sanctions program:

Financial intermediaries in Switzerland are thus prohibited from entering into new business relationships with the newly included individuals and companies in Annex 3. Financial intermediaries are also obliged to report existing business relationships with these individuals, companies and organizations to SECO immediately. The notification to SECO does not exempt a financial intermediary from reporting immediately to the Anti-Money Laundering Reporting Office in accordance with Art. 9 of the Anti-Money Laundering Act.


FINMA Notice

Categories: Russia sanctions SECO Updates Ukraine sanctions


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