Seventh Biennial Report of Licensing Activities Pursuant to the Trade Sanctions Reform and Export Enhancement Act of 2000 (TSRA) September 28, 2016 at 02:53PM

The Office of Foreign Assets Control just updated its sanction list. The official date of the publication is September 28, 2016 at 02:53PM . Stay tuned to get the update files. Have a compliance question ? You are not alone ! By responding to this post you share it with the community. We will get back to you asap.

SECO – Switzerland is helping to improve working conditions in the garment industry September 27, 2016 at 03:55AM

A new ordinance on Measure against by SECO – Switzerland is helping to improve working conditions in the garment industry
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SECO – Switzerland is helping to improve working conditions in the garment industry
Bern, 27.09.2016 – An independent impact study published by a research team from Tufts University has proven that an improvement in working conditions in the garment industry does not only improve worker well-being but is also good for business. That is the goal of a programme supported by SECO implemented in seven countries, covering 1,300 factories and more than 1.6 million workers.
State Secretariat for Economic Affairs

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SECO – Sanctions: Ordinance on Measures against Individuals and Entities Associated with Usama bin Laden, the Group «Al-Qaïda» or the Taliban September 26, 2016 at 07:43AM

A new ordinance on Measure against by SECO – Sanctions: Ordinance on Measures against Individuals and Entities Associated with Usama bin Laden, the Group «Al-Qaïda» or the Taliban
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SECO – Sanctions: Ordinance on Measures against Individuals and Entities Associated with Usama bin Laden, the Group «Al-Qaïda» or the Taliban
Bern, 26.09.2016 – The UN sanctions committee has amended the list of sanctioned individuals, companies and organizations. The SESAM database has been updated accordingly.
On 4 March 2016 the Federal Council has adopted the Ordinance on the automatic application of the UN Security Council’s sanctions lists. Hence, the amendments of the UN Security Council’s sanctions lists enter into force in Switzerland without delay.
State Secretariat for Economic Affairs

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SECO – Despite continued risks, the Swiss economy remains on course for recovery September 20, 2016 at 01:47AM

A new ordinance on Measure against by SECO – Despite continued risks, the Swiss economy remains on course for recovery
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SECO – Despite continued risks, the Swiss economy remains on course for recovery
Bern, 20.09.2016 – Economic forecasts by the Federal Government’s Expert Group – Autumn 2016* – The Swiss economy has been able to regain momentum in recent quarters. Although the Brexit referendum did lead to increased international uncertainty, it has not resulted in any major volatility on financial markets to date. The Expert Group currently anticipates a continuation of the moderate recovery in the Euro area and the rest of the world. This set of circumstances can be expected to lead to positive effects for Switzerland in the form of higher foreign trade volume and a gradual stabilisation of the economic recovery in the country. The Expert Group is therefore largely keeping to its previous assessment (from June 2016) and anticipates a GDP growth of 1.5% for full-year 2016. For 2017, the Expert Group expects an acceleration of GDP growth to 1.8%. This will likely lead to a gradual dissipation of the slight increase in unemployment that has been recorded since 2015. The unemployment rate is expected to settle at 3.3% (annual average) in 2016 and remain at this level in 2017 as well.
State Secretariat for Economic Affairs

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