Updated sanctions report: Libya
The State Secretariat for Economic Affairs (SECO) has published an
amendment to the list of sanctioned natural persons, companies and
organisations contained in the Ordinance of 30 March 2011 on measures
against Libya (SR 946. 231. 149. 82).
By decision of 20
December 2024, the responsible UN Sanctions Committee amended the list
of sanctioned persons, companies and organisations. The amendment is
directly applicable in Switzerland. On 23 December 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, 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 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 of the Anti-Money Laundering Act.