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

1 Per­sons or in­sti­tu­tions who hold or man­age in Switzer­land as­sets of per­sons af­fected by an as­set freeze with­in the mean­ing of Art­icle 3 must im­me­di­ately re­port these as­sets to the Money Laun­der­ing Re­port­ing Of­fice Switzer­land (MROS).

2 Per­sons or in­sti­tu­tions that neither hold nor man­age such as­sets in Switzer­land, but who have know­ledge there­of by vir­tue of the func­tions they per­form, must re­port the as­sets im­me­di­ately to MROS.

3 Based on re­ports re­ceived pur­su­ant to para­graph 2, MROS may re­quest in­form­a­tion from any per­son or in­sti­tu­tion that may hold or man­age as­sets covered by a freeze ordered un­der the pro­vi­sions of the present Act.

4 Per­sons or in­sti­tu­tions sub­ject to the terms of para­graphs 1 to 3 have the fur­ther duty to pro­duce, at the re­quest of MROS, all in­form­a­tion and doc­u­ments re­lat­ing to the re­por­ted as­sets as may be re­quired for the en­force­ment of the present Act, to the ex­tent that they pos­sess any such in­form­a­tion.

5 Law­yers and not­ar­ies are not sub­ject to the duty to re­port and in­form where they are con­strained by the duty of pro­fes­sion­al con­fid­en­ti­al­ity with­in the mean­ing of Art­icle 321 of the Swiss Crim­in­al Code⁴,

6 MROS shall trans­mit the in­form­a­tion re­ceived pur­su­ant to the pro­vi­sions of para­graphs 1 to 3 to the FD­FA and the Fed­er­al Of­fice of Justice (FOJ). The Fed­er­al Coun­cil shall de­term­ine the pro­ced­ures for co­oper­a­tion in the frame­work of this Act between the FD­FA, the FOJ and the MROS.