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Switzerland Extends Anti-Circumvention Measures to EU Russia September Sanctions

To prevent the circumvention of international sanctions relating to the situation in Ukraine, Switzerland will, with effect from 18H CET today (Wednesday,...

Switzerland: Court squashes Sanctions imposed by Comco based on “in dubio pro reo” principle

3 November 2014 - By decision of September 23, 2014 the Swiss Federal Administrative Court ("Court") set aside a decision of the Swiss Competition...

Switzerland: How to notify Swiss companies – A guide for the European Commission

In a note dated 23 September 2014, the Swiss Federal Department for Economic Affairs clarified how the European Commission (EC) may send notices to Swiss companies,...

Only Four Countries Actively Enforce OECD Anti-Bribery Convention

On 23 October 2014, Transparency International published a report which analyzed the enforcement of the the Organisation for Economic Co-operation and Development’s Anti Bribery...

IRS Modifies the Offshore Voluntary Disclosure Program and the Streamlined Filing Compliance Procedures

On June 18, 2014, the U.S. Internal Revenue Service (“IRS”) announced changes to the 2012 Offshore Voluntary Disclosure Program (“OVDP”) and the Non-Resident U.S....

Swiss Federal Council expands anti-circumvention measures

The Swiss State Secretariat for Economic Affairs suspended export licences and licence exemptions for controlled dual-use goods to Ukraine, thereby making such goods subject...

Swiss Supreme Court steps up diligence standards in AML

In early May 2014, a new decision from the Swiss Supreme Court shocked the legal and compliance community. In the Swiss Supreme Court’s view,...

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