No designated company found in the chain; the people in it are compared by name only

It replaced “No designated company found in the chain; the people in it are compared by name only” because a list changed. The answer did not move; what it rests on did. Nobody was told: only a moved answer that a list or a holding moved is news.

• Listed now: SIA FALCON INTERNATIONAL GROUP on Taiwan SHTC export entity list (Taiwan International Trade Administration, Strategic high-tech commodities entity list)

No company listed under this regime holds any share of the company, anywhere in the chain the registers state. Natural persons hold one holding in the chain, including 100% of the company directly. The registers publish no identifier that confirms who they are, so they were compared with designated persons by name only, and a name written differently in a register and on a list is not found.

Designated share

None found

Threshold

50% or more

Chain

Followed to its end

Nearest designated party

The company is itself designated.Found across every list on file, not only those this rule counts.

Notes

• Natural-person holders are compared with designated persons by name only. A match is reported and never counted, because the registers publish no identifier that could confirm it.

Holdings the result passes through

None: no holding carries a designated party's share down to the company.

Holdings read

1 holding was read in the chain, and its holder is not published as a company. Natural persons hold 1 of them, including 100% of the company directly. A verdict never keeps a person's name: a person appears in it as a holding of a stated share.

Listed parties in the chain

• SIA FALCON INTERNATIONAL GROUP (LV 45403041088) the company itself

  • Not countedOFAC SDN

    Asset freeze under OFAC, DPRK

    Listed as SIA FALCON INTERNATIONAL GROUP

    Not counted here: this list is read under the OFAC 50 percent rule rule.

  • Not countedTaiwan SHTC export entity list

    Export control under Taiwan International Trade Administration, Strategic high-tech commodities entity list

    Listed as SIA FALCON INTERNATIONAL GROUP

    Not counted: this regime's ownership rule has not been read here.

Lists this rule reads

• Switzerland SECO Sanctions List

  Read on 23 Sept 2026; dated 4 Sept 2026 by the publisher.

Shareholder registers

• Latvia Enterprise Register (members)

  File read on 26 Sept 2026; last modified 25 Sept 2026, by the publisher's server. The holdings used were read on 26 Sept 2026.

Test

Swiss ownership and control

Threshold

50% or more

Several designated owners

Added together: the shares of different designated parties count as one.

A jointly held share

The texts read do not settle it, so a result that rests on one goes to a reviewer.

Control

Not assessed. A shareholder register shows shares, not board seats or agreements.

Signed off

On 17 Sept 2026, from texts read on 13 Sept 2026.f3d899fc1d224a36dbf3880253f4312f1c7fcc70e367d56af13ffb8b20bd8c88

Caveats

• What owning and controlling mean is set out in SECO's guidance on the sanctions ordinances, which SECO says is not legally binding.
• SECO adds the holdings of several sanctioned parties together "in principle" (grundsätzlich).
• Control raises a presumption that the company may rebut case by case.
• SECO counts holdings held directly or indirectly, and publishes no worked example with percentages. A company owned at the threshold is treated as holding its own shares for the listed party, as under the EU test.
• Control without the threshold stake is part of this test and cannot be read from a shareholder register, so an outcome short of the threshold does not mean the company is not controlled.
• 1 party in this chain is listed under a regime whose ownership rule has not been verified here, and was not counted: SIA FALCON INTERNATIONAL GROUP (Taiwan SHTC export entity list).
• 1 holder shares a name with a designated party. A name alone is not counted. The birth date the register publishes agrees with the designated person's for that holder (to the month). A birth date is not counted either.

Texts the rule rests on

• SECO, Auslegungshilfe Sanktionsmassnahmen (Stand 30. Juni 2026)

  Chapter 1, which applies to every sanctions ordinance that freezes funds: 1.10 (owning: 50% or more of the ownership interests, directly or indirectly; the interests of several sanctioned parties added together in principle) and 1.11 (control: any one of criteria a to h, unless the contrary is shown in the case)

• The Swiss sanctions ordinances in SWISS_ORDINANCES_READ, as consolidated on fedlex

  The freeze article of each, which freezes the funds and economic resources owned or controlled by the listed parties, by parties acting on their behalf, and by companies and organisations those parties own or control

Address

This page's address does not change, and the verdict at it is never rewritten. The same record as JSON.

Computed

27 Sept 2026

Evidence file

The company's file for 27 Sept 2026, the day this was first said

Identity

692a67bb1d3480ecc57755e96d9b335d119c5593a2a63b1b81cf3add6adbd52cA hash of what the verdict rests on. Each run compares it to decide whether the verdict still stands.