The U.S. Department of the Treasury’s Office of Foreign Assets Control recently published its Memorandum of Understanding with the Swiss State Secretariat for Economic Affairs (“SECO”) aimed at improving sanctions enforcement. The MOU expresses the intention of OFAC and SECO to share information that promotes the monitoring, enforcement, and compliance with sanctions that are in force in each country. The MOU also provides, among other things, that the parties must follow the respective laws and regulations that apply to the handling and sharing of this information and are permitted to assign a primary point of contact to coordinate and manage the exchange of information.