NEWS

11 May 2023 

International sanction 

2023

Updated sanction notification

The Federal Department of Economic Affairs, Education and Research FWA has amended Annex 6 to the Ordinance of 11. November 2015 on measures against the Islamic Republic of Iran (SR 946.231.143.6).

On the 10th 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 adapted the sanction database SESAM (SECO Sanctions Management) that is relevant for Switzerland and published the adaptation on its website. The change will take effect on the 11th. 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 the event of suspicion in accordance with Art. 6 AMLA and, if he cannot clear them, to report immediately to the reporting office for money laundering in accordance with Art. 9 AMLA.

FINMA Notice