The FINMA Notice:
Updated sanction report: Ukraine
The Federal Department of Economic Affairs, Education and Research WBF has amended the ordinance of 4. March 2022 on measures in connection with the situation in Ukraine (SR 946.231.176.72).
On March 31, 2026, the Federal Department of Economics, Education and Research WBF amended Annex 8 of the Regulation. The WBF has adapted the SESAM (SECO Sanctions Management) database, which is relevant for Switzerland, and will urgently publish the adjustment on its website. The change takes effect on 1. April 2026 11:00 p.m.
In accordance with the provisions of the Regulation, financial intermediaries are required to implement the prohibitions, to block the assets of the sanctioned persons and to report the business relationships concerned to SECO. The report to SECO does not relieve a financial intermediary from making additional clarifications in the event of suspicion in accordance with Art. 6 GwG and, if he cannot clear them, to report it immediately to the notification office for money laundering in accordance with Art. 9 GwG.
The update:
Links:
Why it took SECO almost a full week to publish this? I can’t say – but I did check my archives, They just forgot.
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