SECO - Swiss Denied Party List - United Nations Sanctions - IRAQ
The Swiss State Secretariat for Economic Affairs (SECO) maintains a Denied Party List to help ensure compliance with international sanctions, including those related to Iraq. This list identifies individuals and entities that are restricted from conducting transactions due to their involvement in activities against Swiss and international laws.
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370 Entities in SECO - Swiss Denied Party List - United Nations Sanctions - IRAQ
Entity Name | Entity Type | Effective Date | Status |
---|---|---|---|
State Establishement For The Management Of Tourist Utilities | Company | Sep 8, 2021 | inactive |
General Establishment For Grain Trading | Company | Jul 5, 2018 | inactive |
State Contracting Water And Sewage Projects Company | Company | Jun 30, 2021 | inactive |
Industrial Complex – Diala | Company | Sep 16, 2016 | inactive |
State Enterprise For Drug Industries | Company | Sep 19, 2018 | inactive |
AlHuda State Company For Religious Tourism | Company | Jan 29, 2019 | inactive |
General Establishment For Bakeries And Ovens | Company | Apr 15, 2021 | inactive |
General Establishment For Tharthar Project | Company | Apr 4, 2019 | inactive |
State Organization For Construction Industries | Company | Oct 1, 2018 | inactive |
State Organization For Technical Industries | Company | Dec 1, 2020 | inactive |
FAQs
Why is compliance with the SECO - Swiss Denied Party List - United Nations Sanctions - IRAQ necessary?
Compliance with the SECO Swiss Denied Party List, particularly in the context of United Nations sanctions related to Iraq, is essential to uphold international law and promote global peace and security. These sanctions are designed to prevent illicit activities, such as terrorism and the proliferation of weapons, by restricting access to financial resources and trade for designated entities. Authorities and businesses must adhere to these regulations to avoid legal penalties, prevent engagement with individuals or entities involved in illicit activities, and support humanitarian efforts. Following these sanctions helps maintain Switzerland’s commitment to ethical trade practices and contributes to the international community's efforts to curb terrorism and human rights abuses.
Which companies should comply with SECO - Swiss Denied Party List - United Nations Sanctions - IRAQ?
Companies operating in international trade, finance, and export-import businesses must comply with the SECO Swiss Denied Party List and United Nations sanctions related to Iraq. Compliance ensures adherence to international regulations, mitigates legal risks, and prevents involvement with restricted parties. This is crucial for maintaining the integrity of operations, safeguarding reputations, and avoiding severe penalties or sanctions.
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