Updated sanctions report: Ukraine
The Federal Department of Economic Affairs, Education and Research
EAER has published an amendment to Annexes 2, 8 and 33 of the
Ordinance of 4 March 2022 on Measures in Connection with the Situation
in Ukraine (SR 946. 231. 176. 72).
On 20 December 2024, the
Federal Department of Economic Affairs, Education and Research EAER
amended Annexes 2, 8 and 33 of the Ordinance and published the
amendments on its website. The changes will come into force on 24
December 2024.
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.