COUNTERING PROLIFERATION FINANCE: MODEL LAW SECOND EDITION

On 2nd October, the Royal United Services Institute published an updated version of the model law from the previous guidance paper produced by RUSI in July 2017 on countering proliferation finance.  It aims to assist governments seeking to strengthen their legal and institutional frameworks to counter proliferation finance.  It says that there have been a number of updates to UN Security Council Resolutions relating to North Korea that are taken into account.  Updated elements include –

  • the quick reference table summarising relevant obligations under UN Security Council Resolutions and FATF recommendations has also been updated and appended to the model law;
  • creates a definition of proliferation financing;
  • a schedule of Controlled Items related to North Korea;
  • provisions allowing for the administration of frozen assets added; and
  • simplifies some offence provisions.

https://rusi.org/publication/other-publications/countering-proliferation-finance-model-law-second-edition

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s