FATF GUIDANCE ON COUNTER PROLIFERATION FINANCING

On 1st March, FATF published its guidance intend to prevent non-state actors from taking part in proliferation-related activities and implementing the country-specific approach against the Democratic People’s Republic of Korea (DPRK) and the Islamic Republic of Iran.  This Guidance updates 2 earlier guidance Papers:

  • The Implementation of Financial Provisions of United Nations Security Council Resolutions to Counter the Proliferation of Weapons of Mass Destruction (2013); and
  • Best Practices Paper to Recommendation 2 Information Sharing and Exchange Related to the Financing of Proliferation Among Relevant Authorities at the Domestic Level (2012).

www.fatf-gafi.org/publications/financingofproliferation/documents/guidance-counter-proliferation-financing.html

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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