Switzerland’s State Secretariat for Economic Affairs (SECO) has updated the list of sanctioned individuals, companies and organizations under its Taliban-related measures, effective immediately.
The adjustment follows a decision by the relevant UN Sanctions Committee on August 27, 2026, which was directly applicable in Switzerland. SECO amended its sanctions database, SESAM (SECO Sanctions Management), on August 28, 2026, and published the changes on its website.
Financial intermediaries are required under the regulation to implement the prohibitions, freeze the assets of listed entities and report affected business relationships to SECO. The submission of such reports does not relieve firms of their obligation to conduct additional due diligence under Article 6 of the Swiss Anti-Money Laundering Act (GwG) if red flags arise. If suspicions cannot be dispelled, intermediaries must file an immediate report to the Money Laundering Reporting Office Switzerland (MROS) under Article 9 of the GwG.
