MANGEAT shares that the Secrétariat d’État à l’économie (SECO) recently published an updated version of its Interpretation Guidance on sanctions

In short
The update introduces no substantive changes, except for the removal of certain reporting requirements applicable to financial institutions that process the final booking of corporate actions (e.g. dividend payments) by sanctioned companies to the accounts of non-sanctioned clients (for more details, see section 1.5 of the tracked-changes version of the Interpretation Guidance). This change does not result from a legislative amendment but rather reflects an evolution in SECO’s interpretation. The remaining amendments are essentially editorial.
Our team continues to monitor developments in Swiss sanctions law and is available to assist clients in navigating the evolving regulatory landscape.