NEWS

22 November 2022 

International sanction 

2022

Updated sanction notification

The Federal Department of Economic Affairs, Education and Research EAER has amended Annex 1 to the Regulation of 17. October 2018 on measures against Myanmar (RS 946.231.157.5).

On the 21st November 2022, the Federal Department of Economic Affairs, Education and Research EAER amended the list of persons, companies and organizations sanctioned in this context. The WBF therefore on the 22nd. November 2022 adapted the sanction database SESAM (SECO Sanctions Management), which is relevant to Switzerland, and published the adaptation on its website. The change will take effect on the 22nd. November 2022 at 6 p.m.

In accordance with the provisions of the regulation, financial intermediaries are required to implement the prohibitions, block the assets of the sanctioned persons and report the business relationships concerned to SECO. The notification to SECO does not exempt a financial intermediary from providing additional clarifications in accordance with Art. 6 AMLA and if he cannot dispel it, to immediately report it to the reporting office for money laundering in accordance with Art. 9 of the Anti-Money Laundering Act.

FINMA Notice