The Swiss State Secretariat for Economic Affairs (SECO) has published an update to its sanctions notice concerning individuals and organizations associated with ISIL (Da'esh) and Al-Qaeda. This action follows a decision by the relevant UN sanctions committee on February 27, 2026, to amend the list of sanctioned entities. SECO updated its SESAM sanctions database on March 2, 2026, to reflect these changes, which are directly applicable in Switzerland.

Regulated entities in Switzerland must immediately review their client lists and transaction monitoring systems to ensure compliance with the updated sanctions list. Failure to comply with sanctions regulations can result in severe penalties. While no specific compliance deadline is mentioned beyond the immediate applicability, entities should act promptly to incorporate these changes into their compliance programs.