Newsletter 160 from December 7, 2010 International Sanction

Amendment to the Appendices to the Ordinance on Sanctions against Myanmar (SR 946.231.157.5)

The Federal Department of Economic Affairs (FDEA) amended Appendices 2 and 3 to the Ordinance on Sanctions against Myanmar on 29 November 2010. Numerous entries were updated, 8 natural persons were deleted, 10 natural persons and 7 business enterprises were added, and one entry was corrected. The amendment came into force on 3 December 2010. The Appendices to the Ordinance are available for consultation on the State Secretariat for Economic Affairs (SECO) website.

In accordance with the provisions of the Ordinance on Sanctions against Myanmar, financial intermediaries are requested to report relevant business relationships to SECO and to freeze the associated assets. Reporting to SECO does not release the financial intermediary from its obligation to immediately report to the Reporting Center for Money Laundering in accordance with Article 9 of the Money Laundering Act.