Switzerland has updated its sanctions list in accordance with amendments made by the UN sanctions committee to measures against persons, groups, undertakings, and entities associated with ISIL (Da'esh) and Al-Qaida. The State Secretariat for Economic Affairs (SECO) confirmed the update to the SESAM database and the automatic application of UN Security Council sanctions lists in Switzerland, as per the Ordinance on the automatic application of the UN Security Council’s sanctions lists adopted on March 4, 2016.

This update requires entities and individuals operating in Switzerland, particularly those involved in international trade and finance, to review their dealings and ensure compliance with the revised sanctions list. Failure to comply with sanctions can result in severe penalties, although specific penalties are not detailed in this announcement. Regulated entities should consult the SESAM database for the most current list of sanctioned parties.