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Updated sanctions notification: Moldova

The Federal Department of Economic Affairs, Education and Research EAER has published an amendment to the Annex to the Ordinance of 28 June 2023 on Measures Relating to Moldova (2024).

On 7 November 2024, the Federal Department of Economic Affairs, Education and Research EAER amended the list of persons, companies and organisations sanctioned in this context. The EAER has therefore adapted the SESAM (SECO Sanctions Management) sanctions database, which is relevant for Switzerland, and published the adjustments on its website. The change will come into force on November 8, 2024 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.

Disclaimer: RegRadar is not endorsed nor affiliated with the source authority. This material does not constitute any advice. This material is machine translated and does not constitute an official translation by the source authority. Please note that the information can be obtained free of charge through the source website.