Federal Act
on the Freezing and the Restitution of Illicit Assets
held by Foreign Politically Exposed Persons
(Foreign Illicit Assets Act, FIAA)

1 The Fed­er­al Coun­cil may in­struct the Fed­er­al De­part­ment of Fin­ance (FDF) to take leg­al ac­tion be­fore the Fed­er­al Ad­min­is­trat­ive Court for the con­fis­ca­tion of frozen as­sets.

2 The Fed­er­al Ad­min­is­trat­ive Court shall or­der the con­fis­ca­tion of as­sets:

a.

that are sub­ject to the power of dis­pos­al of a for­eign polit­ic­ally ex­posed per­son or a close as­so­ci­ate of that in­di­vidu­al, or of which those in­di­vidu­als are the be­ne­fi­cial own­ers;

b.

that are of il­li­cit ori­gin; and which

c.

have been frozen by or­der of the Fed­er­al Coun­cil in an­ti­cip­a­tion of their con­fis­ca­tion, pur­su­ant to Art­icle 4.

3 No stat­ute of lim­it­a­tions in re­spect of crim­in­al pro­sec­u­tion or pen­al­ties may be ap­plied.

4 Should mu­tu­al leg­al as­sist­ance pro­ceed­ings in crim­in­al mat­ters re­sume, con­fis­ca­tion pro­ceed­ings shall be sus­pen­ded un­til such time as a fi­nal de­cision has been reached in those pro­ceed­ings.