The U.N. Security Council sanctions committee responsible for monitoring ISIL (Da'esh) and Al-Qaida designations amended its list on 4 September 2026, adding and modifying entries for sanctioned individuals, entities and organisations. The revision takes direct effect in Switzerland without further legislative implementation.
In response, the State Secretariat for Economic Affairs (SECO) updated its national sanctions database, SESAM (SECO Sanctions Management), on 7 September 2026 and published the changes on its website.
Financial intermediaries operating in Switzerland are required to implement the updated prohibitions, freeze the assets of listed persons and report affected business relationships to SECO. A filing with SECO does not relieve an intermediary of its separate obligations under the Anti-Money Laundering Act (GwG): where suspicious circumstances remain unresolved, firms must promptly file a report with the Money Laundering Reporting Office under Article 9 GwG.
