Newsletter 302 of 27 August 2014 International Sanction
Dear Sir or Madam,
Please find here below FINMA's newsletter regarding certain amendments of the Ordinance of 2 October 2000 on Sanctions against Persons and Organisations with Connection 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 26 August 2014. Nine natural persons were added to the Appendix and two existing entries were updated. The amendment came into force at 18:00 hours on 27 August 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.
Kind regards,
VQF
Verein zur Qualitätssicherung von Finanzdienstleistungen
Baarerstrasse 112, PO Box
CH - 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.