Newsletter 246 from October 29, 2012 International Sanction
Amendment to Appendix 7 to the Ordinance of 8 June 2012 on Sanctions against Syria (SR 946.231.172.7)
International sanctions
The Federal Department of Economic Affairs amended Appendix 7 to the Ordinance on Sanctions against Syria on 25 October 2012. 28 natural persons and two companies were added, 20 entries of natural persons were updated and two natural persons and one company were deleted. The amendment came into force on 27 October 2012. The Appendix to the Ordinance is available for consultation on the SECO website.
In accordance with the provisions of the Ordinance on sanctions against Syria, financial intermediaries are requested to report relevant business relationships to SECO and to immediately freeze the associated assets.
Amendment to 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)
International sanctions
The Federal Department of Economic Affairs (FDEA) 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 on 25 October 2012. Two entries of natural persons were added. The amendment came into force on 27 October 2012.
The amendment 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 immediately freeze the associated assets and to report relevant business relationships to the State Secretariat for Economic Affairs (SECO). 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.
Amendment to Appendices 1 and 2 to the Ordinance of 19 January 2005 on Sanctions against Liberia (SR 946.231.16)
International sanctions
The Federal Department of Economic Affairs amended Appendices 1 and 2 to the Ordinance on Sanctions against Liberia on 25 October 2012. One natural person was deleted in each Appendix. Those persons are no longer subject to financial sanctions. The amendment came into force on 27 October 2012.
The amendment is available for consultation on the SECO website.
Please note that only the German version is legally binding.