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May 10, 2023: SECO amends a bunch of Myanmar sanctions designations


10 May 2023 

International sanction 


Updated sanction notification

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

On the 9th In May 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 has therefore adapted the sanction database SESAM (SECO Sanctions Management) relevant for Switzerland and published the adaptation on its website. The change will take effect on the 10th. May 2023 at 6 p.m.

In accordance with the provisions of the regulation, financial intermediaries are required to implement the prohibitions, to block the assets of the sanctioned persons and to report the affected business relationships to SECO. Reporting to SECO does not release a financial intermediary from making additional clarifications in accordance with Art. 6 AMLAG in the event of suspicion and, if he cannot clear them, to report immediately to the reporting office for money laundering in accordance with Art. 9 of the Money Laundering Act.

FINMA Notice

The SECO update:


FINMA Notice

Data files of updates – PDF, XML

Categories: Burma Sanctions Sanctions Lists SECO Updates


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