EU REMOVES FARC FROM TERRORISM SANCTIONS LISTS
From 15th November, EU Council Decision 2017/2072/CFSP and 2017/2073/CFSP; and Regulations 2017/2061/EU and 2017/2064/EU refer.
EU AMENDS THE LIST OF “LUXURY GOODS” SUBJECT TO NORTH KOREA SANCTIONS
EU Regulation 2017/2062 amends Regulation2017/1509 following a review of the list of luxury goods subject to an import and export ban.
EU SANCTIONS ON VENEZUELA
EU Regulation 2017/2063/EU gives effect to sanctions on Venezuela that impose an embargo on the supply of military equipment, and equipment that might be used for internal repression – with a parallel ban on the financing, brokering etc of the same. The ban also applies to certain software and technology, including that used to intercept or monitor the Internet or telecommunications. Financial sanctions against individuals and entities are provided for, but no persons are designated to date. The measures have effect from 14th November.
See also EU Council Decision 2017/2074/CFSP.
MONEYVAL PUBLISHES A REPORT ON AML/CFT IN ANDORRA
The Moneyval organisation, which reviews countries’ AML/CFT systems on behalf of the Council of Europe has published its mutual evaluation report on Andorra. The report welcomed the reforms recently undertaken by the Andorran authorities to address the risks identified, but has called for a number of improvements, and calls for a clear political oversight to be put in place in order to monitor the implementation of the action plans adopted to mitigate those risks; also, as with other juridictions, the ratio between investigations and prosecutions, and subsequent convictions obtained appears to be modest.
Please pass on the link to the blog to anyone you think might like or need it