The World Chess Federation has announced that its Swiss UBS bank accounts have been closed after its president, Kirsan Ilyumzhinov, had sanctions imposed by OFAC on 25 November 2015, pursuant to Executive Order 13582, for “materially assisting and acting for or on behalf of” previously designated entities and individuals, including the Government of Syria and the Central Bank of Syria (links for Mr. Ilyumzhinov’s SDN entry and the Treasury press release).
The Swiss Federal Council has transposed into Swiss law the provisions of UN Security Council Resolution 2374 (2017), which orders the freezing of assets and a ban on travel for individuals or entities acting (directly or indirectly) to undermine the peace, security and stability of Mali. Click here for the Swiss press release.
Switzerland has adopted a series of sanctions against DPRK, implementing UN Security Council Resolutions 2371 (2017) and 2375 (2017). Work permits will no longer be issued to citizens of DPRK and, in the financial sector, joint ventures and cooperative entities, both ongoing and new, with links to DPRK, have been prohibited. Financial transactions with DPRK have been prohibited, except those solely for the operation of diplomatic or consular missions or for humanitarian activities. The ban on trade goods has been extended. The handling of goods bound for or coming from DPRK, or from ship to ship with a DPRK vessel, has been prohibited. For the Swiss press release, click here.
The EU Council has published its conclusions on EU relations with Switzerland, in which it notes Switzerland’s voluntary alignment to EU sanctions on a case-by-case basis. It encourages Switzerland to remain consistent in the application of sanctions, including in preventing their circumvention, and invites Switzerland to align itself further with EU sanctions on Russia over its involvement in the crisis in Ukraine.
The EU’s press release is here.
The EU & Switzerland have joined the US in implementing the recent UN designations of Joseph Kony and his group the Lord’s Resistance Army (see previous blog). Under Kony’s leadership, the LRA is said to have been involved in the abduction and mutilation of thousands of civilians across central Africa, illicit trade in natural resources, sexual violence, murder, slavery, and the recruitment of child soldiers since the group was founded in 1987.
The EU designations are made by Implementing Regulation 2016/354 implementing Regulation 224/2014 and Implementing Decision 2016/360 implementing Decision 2013/798/CFSP and its notice to Kony and the LRA is here. Switzerland’s ordinance is here.
Switzerland has followed the EU, US, and UN in de-listing Bank Sepah from its sanctions against Iran (see previous blog), along with Naser Bateni and the company he manages Hanseatic Shipping Trust, whose EU listings were annulled in October 2015 (see previous blog), and 3 entities connected to Islamic Republic of Iran Shipping Lines, also reflecting UN and EU modifications to their own sanctions.
The Swiss Government’s notice is here.