Newsletter 193 from May 13, 2011
Friday, 13. May 2011
Amendment to the Appendices to the Ordinance on Sanctions against Libya
The Federal Department of Economic Affairs (FDEA) amended Appendices 3 and 5 to the Ordinance on Sanctions against Libya on 9 May 2011. Switzerland thus adopts a corresponding resolution of the European Union. In Appendix 3, two natural persons and 26 legal entities were added, and various entries were updated. The amendment came into force on 12 May 2011. The Appendices to the Ordinance is available for consultation on the State Secretariat for Economic Affairs (SECO) website.
In accordance with the provisions of the Ordinance on sanctions against Libya, financial intermediaries are requested to report relevant business relationships to SECO and to block the associated assets.
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Please note that only the German version is legally binding.