Menu Home

March 2, 2023: SECO adds to Myanmar sanctions designations


02 March 2023 

International sanction 


Updated sanction report

The Federal Department of Economic Affairs, Education and Research FDF has amended Annex 1 to the Ordinance of the 17th. October 2018 on measures against Myanmar (2023).

On the 1st In March 2023, the Federal Department of Economic Affairs, Education and Research FBA changed the list of persons, companies and organizations sanctioned in this context. The WBF therefore has on the 2nd March 2023 adapted the sanctions database SESAM (SECO Sanctions Management), which is relevant for Switzerland, and publishes the adjustment on its website. The change takes effect on the 2nd. March 2023 at 6 p.m.

In accordance with the provisions of the regulation, the financial intermediaries are asked to implement the prohibitions, to block the assets of the sanctioned persons and to report the affected business relationships to SECO. The report to SECO does not exempt a financial intermediary from making additional clarifications in the event of suspicion in accordance with Art. 6 AMLA and, if he cannot clear them out, immediately report to the Reporting Office for Money Laundering in accordance with Art. 9 of the Money Laundering Act.

FINMA Notice


FINMA Notice

Data files of updates – PDF, XML

Categories: Burma Sanctions Sanctions Lists SECO Updates


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: