2011
03/30
The Swiss Federal Council new ordinance against Libya under the embargo law
On 30 March 2011, the Swiss Federal Council by mean of ordinance (based on the Swiss Embargo Act, EmbA of 22 March 2002) decrees measures against Libya.
The article 2, 3 and 6 concern measures against assets. The article 10 repeals the Ordinance of 21 February 2011 instituting measures against...
[more]
2011
03/29
The Swiss Federal Council amended its ordinance of 21 February 2011 instituting measures against certain individuals from Libya
On 11 March 2011, the Swiss Federal Council amended its ordinance of 21 February 2011 instituting measures against certain individuals from Libya.English: Ordinance instituting measures against certain individuals from Libya; amendment of 11 March 2011French: Ordonnance instituant des mesures à...
[more]
2011
03/16
Terrorist Financing Study Group Meeting
On 27-28 February 2011, a group of experts from 10 countries met in Lavin, Switzerland, to discuss the concept for the next Basel Institute on Governance conference on terrorist financing (the so called Giessbach conferences, named after the location of the first conference held in 2007) which is...
[more]
2011
03/09
Training on Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) in Zambia (January/February 2011)
From 26th January to 27th February 2011 the Basel Institute on Governance conducted 7 multi-day training workshops on AML/CFT in co-operation with the Financial Intelligence Unit Secretariat of Zambia. Over 200 participants from the following areas attended:
Supervisors (Bank of Zambia,...
[more]
2011
03/09
The Swiss Federal Council amended its ordinance of 21 February 2011 instituting measures against certain individuals from Libya
On 4 March 2011, the Swiss Federal Council amended its ordinance of 21 February 2011 instituting measures against certain individuals from Libya.The amendment inserted an al. 1bis to Article 1. It is prohibited to provide assets to individuals, companies and entities subject to the freezing of...
[more]
2011
03/01
Switzerland amended on 28 February 2011 measures against certain individuals from the Democratic Republic of Congo (DRC) in order to freeze their possible assets
The Swiss Federal Department of Economic Affairs amended on 28 February 2011 measures against certain individuals from the Democratic Republic of Congo (DRC) in order to freeze their possible assets in Switzerland. The first order was taken in 22 June 2005.
English: (translation will come...
[more]
2011
02/25
Switzerland enacts decrees in reaction to events in Libya
In reaction to events in Libya, the Swiss Government has released the following decree:
English version: Ordinance instituting measures against certain individuals from Libya
German version: Verordnung über Massnahmen gegen gewisse Personen aus Libyen
French version: Ordonnance instituant des...
[more]
2011
02/21
Daniel Thelesklaf: «Das Geldwäscherei-Gesetz hat zwei Lücken.»
Daniel Thelesklaf (Geldwäscherei-Experte) im ausführlichen Interview zu Potentaten-Geldern.
ECO vom 21.02.2011
[more]
2011
02/17
EU Council decisions in reaction to events in Tunisia
In reaction to to the events in Tunisia the EU published the following decision:
Council Decision
Council Implement Decision
[more]
2011
02/17
Switzerland enacts decrees in reaction to events in Egypt, Tunisia and Ivory Coast
In reaction to events in Egypt, Tunisia and Ivory Coast, the Swiss Government has released the following decrees:
EGYPT:
Measures against certain persons from the Arab Republic of Egypt (inofficial English translation by the International Centre for Asset Recovery):
16.02.2011 Ordinance...
[more]
2011
02/13
Switzerland orders freezing of any assets of Egypt's former President Hosni Mubarak
The Federal Council has decided to freeze any assets in Switzerland of the former Egyptian President and parties close to him with immediate effect in order to avoid any misappropriation of Egyptian government assets. At the same time the Federal Council is appealing to the parties in charge in...
[more]
2011
02/01
Switzerland: The Law on the restitution of unlawful assets comes into force today (01.02.2011)
The Federal Act on the restitution of politically exposed persons -PEP - assets of illicit origin (Law on the restitution of unlawful assets) sets terms for the seizure, confiscation and the restitution of assets from politically exposed persons or their entourage when a mutual legal assistance...
[more]