AML

SECO and Swiss Commodity Regulation: Sanctions, Due Diligence, and ESG

The State Secretariat for Economic Affairs stands at the intersection of Swiss economic policy and the commodity trading industry's regulatory world. Once a relatively light-touch presence in the day-to-day operations of Geneva and Zug trading houses, SECO's role has been transformed by the Russia-Ukraine conflict, evolving AML standards, and the arrival of mandatory due diligence obligations.