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Updated sanctions notification: Sudan

The Federal Department of Economic Affairs, Education and Research EAER has published an amendment to the annex to the Ordinance of 25 May 2005 on measures against Sudan (SR 946. 231. 18).

By decision of 8 November 2024, the competent committee of the UN Security Council amended the list of sanctioned persons, companies and organisations. The amendment is directly applicable in Switzerland. On 12 November 2024, SECO therefore amended the SESAM (SECO Sanctions Management) sanctions database, which is relevant for Switzerland, and published the change on its website.

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.