The Swiss Financial Market Supervisory Authority (FINMA) published an update on Switzerland’s Iran sanctions, noting that the Swiss Federal Council has fully revised the ordinance on measures against the Islamic Republic of Iran to implement reactivated United Nations Security Council measures, revert Switzerland’s Iran sanctions to the position before 2015, and introduce additional measures in the commodities sector. The revised ordinance (SR 946.231.143.6) entered into force on 12 December 2025. The update links the revision to the re-entry into force on 28 September 2025 of previously suspended United Nations Security Council resolutions 1696 (2006), 1737 (2006), 1747 (2007), 1803 (2008), 1835 (2008), 1929 (2010) and 2224 (2015), and the European Union’s decision the following day to reactivate its suspended sanctions related to Iran’s proliferation-relevant activities. It also notes that the reactivated United Nations Security Council listings were already adopted on 20 October 2025 by Switzerland’s Federal Department of Economic Affairs, Education and Research.
Swiss Financial Market Supervisory Authority (FINMA) 2025-12-15
Swiss Financial Market Supervisory Authority reports Swiss Federal Council’s full revision of Iran sanctions ordinance aligning Switzerland with pre-2015 measures and adding commodity restrictions
FINMA announced a full revision of Switzerland's ordinance on measures against Iran, aligning with reactivated UN Security Council measures and reverting to pre-2015 sanctions. Effective 12 December 2025, the revised ordinance introduces additional measures in the commodities sector, following the EU's decision to reinstate sanctions related to Iran's proliferation activities.