FATF: PUBLIC CONSULTATION ON THE DRAFT RISK-BASED APPROACH GUIDANCE FOR THE SECURITIES SECTOR

On 6th July, FATF also released draft guidance for public consultation which contains a section on specific guidance for securities providers and intermediaries.  Specific comments on whether this section provides sufficient clarity for the design and implementation of risk-based AML/CFT measures by the securities sector, and any additional suggestions, are welcomed.  The draft guidance also includes an Annex, setting out suspicious activity indicators in relation to the securities sector and comments on this would also be welcomed.  Responses are required by 17th August, and FATF intends to adopt the final Guidance at its October 2018 Plenary meeting.

http://www.fatf-gafi.org/publications/fatfgeneral/documents/public-consultation-guidance-securities.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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