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Aktualisierte Sanktionsmeldung: Islamische Republik Iran

AI Analysis

Executive Summary

Switzerland's State Secretariat for Economic Affairs (WBF) has updated sanctions targeting the Islamic Republic of Iran, effective March 10, 2026 at 23:00 UTC, modifying annexes 3, 12, 13, and 14 of the Iran sanctions ordinance (SR 946.231.143.6). This represents a comprehensive revision of Iran-related financial restrictions that requires immediate compliance action from all Swiss financial intermediaries to freeze assets, implement prohibitions, and report affected business relationships.

What Changed

The regulatory update encompasses four substantive modifications: - Annex 3: Expansion of the goods list subject to export/import restrictions - Annexes 12, 13, and 14: Updates to the list of sanctioned persons, enterprises, and organizations subject to asset freezing and transaction prohibitions - SESAM Database: The Swiss sanctions management database (SECO Sanctions Management) has been updated to reflect all changes, published urgently on the WBF website The changes represent a total revision of Iran sanctions that the Federal Council decided upon on December 12, 2025.

What You Need To Do

  • *Implement Prohibitions
  • *Asset Freezing
  • *Mandatory Reporting to SECO
  • *Enhanced Due Diligence
  • *Suspicious Activity Reporting
  • *Screening Compliance

Key Dates

March 9, 2026 โ€“ WBF published updated sanctions list and modified SESAM database
March 10, 2026, 23:00 UTC โ€“ Effective date for all regulatory changes (enforcement begins)
Immediate โ€“ Financial intermediaries must implement prohibitions and freeze assets upon effectiveness DEADLINE

Compliance Impact

Urgency Rating: CRITICAL

Who is Affected

*Primary obligation holders:All financial intermediaries operating in Switzerland (banks, wealth managers, payment service providers, investment firms)Entities subject to anti-money laundering legislation (GwG - Geldwรคschereigesetz)*Secondary stakeholders:Self-regulatory organizations (SROs) responsible for member notificationImporters/exporters subject to goods restrictions under Annex 3Compliance and legal departments managing sanctions screening

Summary

Das Eidgenรถssische Departement fรผr Wirtschaft, Bildung und Forschung WBF hat eine ร„nderung der Anhรคnge 3, 12, 13 und 14 der Verordnung vom 12. Dezember 2025 รผber Massnahmen gegenรผber der Islamischen Republik Iran (SR 946.231.143.6) publiziert.

Relevant Firm Types

BankWealth ManagerPayment ProviderAll Firms
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