Newsletter 179 from February 21, 2011
Monday, 21. February 2011
Amendment to the Appendix to the Ordinance on Sanctions against Al-Qaeda and the Taliban
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 (SR 946.203) on 1 February 2011. The identifying features of one natural person were updated and 2 natural persons were deleted. This amendment relates to corresponding UNO resolutions and came into force on 21 February 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 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.
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