Newsletter 214 from December 19, 2011 International Sanction

Amendment to Appendices 2 and 3 to the Ordinance on Sanctions against Myanmar (SR 946.231.157.5)

International Sanctions

The Federal Department of Economic Affairs amended Appendices 2 and 3 to the Ordinance on Sanctions against Myanmar on 6 December 2011. In doing so, 36 entries were added and 121 entries were deleted. The amendment came into force on 8 December 2011. The Appendices to the Ordinance are available for consultation on the 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.