Switzerland updates sanctions annexes on Iran

The Swiss Federal Department for Economic Affairs, Education and Research (WBF) announced a revision to annexes 12 and 14 of the ordinance dated 12 December 2025 that sets out sanctions and other measures directed at the Islamic Republic of Iran (SR 946.231.143.6). The amendment, published on the Swiss Financial Market Authority’s website, modifies the scope and implementation details of the existing sanctions framework, though the specific changes were not disclosed in the notice.

The update reflects Switzerland’s ongoing effort to align its sanctions regime with international obligations and to address evolving geopolitical developments concerning Iran. The revised annexes are expected to come into force according to the timetable set out in the original ordinance, and they will be incorporated into the broader regulatory landscape governing Swiss entities that engage with Iranian counterparts.

Stakeholders, including banks, exporters and compliance officers, are advised to review the amended provisions to ensure continued adherence to Swiss sanctions law.