Sanctions notification
The Federal Department of Economic Affairs, Education and Research
(EAER) has amended Annex 2 of the Ordinance of 25 May 2005 on measures
against Sudan (SR 946. 231. 18).
On 14 January 2025, the
Federal Department of Economic Affairs, Education and Research (EAER)
amended an amendment to Annex 2 of the Ordinance on Measures against
Sudan and today updated the SESAM (SECO Sanctions Management)
sanctions database, which is relevant for Switzerland, and published
this update on its website. The adjustments will come into force
today, January 15, 2025, at 6:00 p. m.
In accordance with the
provisions of the Ordinance, financial intermediaries are required to
implement the prohibitions, freeze the assets of the sanctioned
persons and report the affected business relationships to SECO.
Reporting to SECO does not release a financial intermediary from
carrying out additional investigations in accordance with Art. 6 AMLA
in the event of suspicions and, if it is unable to dispel them, from
immediately submitting a report to the Money Laundering Reporting
Office in accordance with Art. 9 AMLA.