Amendment to Appendix 2 to the Ordinance on Sanctions against Al-Qaeda and the Taliban

International Sanctions

The Federal Department of Economic Affairs (FDEA) has amended Appendix 2 to the Ordinance on Sanctions against Persons and Organisations with Connections to Osama Bin Laden, the “Al-Qaeda” group or the Taliban (SR 946.203). Seven entries were added to the Appendix, twenty four entries were removed and four entries were updated. This amendment came into force on 23 September 2011. The Appendix to the Ordinance is available for consultation on the State Secretariat for Economic Affairs (SECO) website.

In accordance with the provisions of the Ordinance, financial intermediaries are requested to report relevant business relationships to the State Secretariat for Economic Affairs (SECO) and to block 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.