WBF updates Swiss sanctions list for Sudan
Swiss financial intermediaries must freeze Sudan-listed assets and report affected relationships
FINMA
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Change
On 18 February 2026, Switzerland’s WBF amended Annex 2 to the Sudan sanctions ordinance and updated the SESAM sanctions database.
Why it matters
Swiss financial intermediaries must implement the amended prohibitions, freeze assets of sanctioned persons and report affected business relationships to SECO. A SECO notification does not close the AML workflow: intermediaries must still conduct further enquiries under Art. 6 GwG and file with MROS under Art. 9 GwG if suspicion remains. The urgent amendment entered into force at 23:00 on 18 February 2026.
Implications
- — Swiss financial intermediaries must screen customers and business relationships against the amended Sudan sanctions entries in SESAM — failure may leave newly listed persons outside freeze controls.
- — Swiss financial intermediaries holding assets of sanctioned persons must freeze those assets and report affected business relationships to SECO — failure would leave the amended ordinance prohibitions unimplemented.
- — AML and sanctions compliance teams must continue Art. 6 GwG enquiries after notifying SECO and file with MROS under Art. 9 GwG if suspicion remains — failure may leave suspicious-activity obligations unresolved.
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