Federal Council standardized and clarified financial regulations in four sanctions ordinances for implementation of UN sanctions, re financing of terrorism/proliferation.
International organizations will benefit from an exemption from reporting and authorization requirements for certain transactions under the Iran Ordinance.
Clarifications and harmonizations of financial regulations adopted in four sanctions ordinances.
Sanctions Ordinances
Ordinance of Mar. 21, 2025 SR 946.231.07, on Measures against Certain Persons and Groups Associated with the Taliban.
Ordinance of Mar. 21, 2025 SR 946.231.08, on Measures against Certain Persons, Groups, Companies/Organizations Associated with ISIL (Da’esh) and Al-Qaida.
Ordinance of May 18, 2016, SR 946.231.127.6 on Measures against Democratic People's Republic of Korea.
Ordinance of Dec. 12, 2025, SR 946.231.143.6 on Measures against Islamic Republic of Iran.
These ordinances implement, in particular, sanctions imposed by United Nations Security Council in connection with the financing of terrorism and proliferation.
Amendments correspond to clarifications and harmonizations made by Federal Council on Aug. 13, 2025, regarding sanctions ordinances based on EU sanctions.
With this new decision, Federal Council is now focusing on financial measures based on resolutions of the United Nations Security Council.
Also, exemptions from the reporting and authorization requirements for money transfers under the Iran Ordinance have been extended to international organizations.
Effectiveness
Ordinance enters into force on Nov. 1, 2026.
Regulators
SWI GVT; SWI SECO
Entity Types
B/D; Bank; Corp; Ins; Inv Co; MSB
Reference
Ord, PR, 9/25/2026; Ord SR SR 946.231.07; Ord SR SR 946.231.08; Ord SR 946.231.127.6; Ord SR SR 946.231.143.6
