Newsletter 297 from June 26, 2014 International Sanction
Dear Sir or Madam
We would like to draw your attention to a regulatory amendment issued by FINMA relating to the Ordinance of October 2000 on sanctions against persons and organisations with connections to Osama Bin Laden, the "Al-Qaeda" group or the Taliban.
Amendment to Appendix 2 to the Ordinance of 2 October 2000 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, Education and Research EAER 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 June 2014. Three organisations were added to the Appendix, further information was added to the entries on two natural persons and one organisation and two natural persons were deleted from the list. The amendment came into force at 18:00 hours on 26 June 2014.
The amendment is available for consultation on the SECO website.
Financial intermediaries are requested to immediately freeze the associated assets and to report relevant business relationships to SECO, in accordance with the provisions of the Ordinance. Reporting to SECO does not release a 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.
We hope that this newsletter is of service to you.
Yours faithfully,
VQF
Financial Services Standards Association
Baarerstrasse 112, Postfach
6302 Zug
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Phone +41 (0)41 - 763 28 20
Fax +41 (0)41 - 763 28 23
e-mail: info@vqf.ch
Financial Services Standards Association
Baarerstrasse 112, Postfach
6302 Zug
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Phone +41 (0)41 - 763 28 20
Fax +41 (0)41 - 763 28 23
e-mail: info@vqf.ch
Please note that only the German version is legally binding.