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SECO adds to Ukraine-related sanctions

NEWS 12 October 2022  International sanction  2022 Updated sanction notification The Federal Department of Economic Affairs, Education and Research EAER has amended the Ordinance of 4. March 2022 on measures related to the situation in Ukraine (RS 946.231.176.72). On the 12th In October 2022, the Federal Department of Economic Affairs, Education […]

End of Quarter Clearance at OFAC: an enforcement action, a related guidance document… oh, and yes, Libyan sanctions regs

Sanctions Compliance Guidance for Instant Payment Systems; Settlement Agreement between OFAC and Tango Card, Inc.; Issuance of Libyan Sanctions Regulations Release date 09/30/2022 Body The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing “Sanctions Compliance Guidance for Instant Payment Systems” which emphasizes the importance of […]

EU President’s message on Russian annexation of Ukrainian regions

Message of President Charles Michel on Russia’s illegal annexation of Ukrainian regions Video message: https://newsroom.consilium.europa.eu/embed/239339 President Putin has decided on Russia’s illegal annexation of the Ukrainian regions of Donetsk, Lugansk, Zaporizhzhia and Kherson. This annexation follows sham referenda and constitutes a dangerous and irresponsible escalation. It is designed as a […]

SECO removes 11 from Ukraine/Russia sanctions

NEWS 27 September 2022  International sanction  2022 Updated sanction report The Federal Department of Economic Affairs, Education and Research EAER has amended the Ordinance of 4. March 2022 on measures related to the situation in Ukraine (RS 946.231.176.72). On the 26th In September 2022, the Federal Department of Economic Affairs, Education […]