On 4th April, the Charity & Security Network published an article about UN SCR 2462, which was adopted on 28th March.  It is binding on all member states and can be enforced by UN sanctions.  The article says that it is the first comprehensive UN Resolution on CFT, incorporating a patchwork of previous resolutions and broadening CFT efforts to address new threats and improve investigation and enforcement activities.   Notably, UN SCR 2462 requires member states to take international humanitarian, human rights law and refugee law into account and make CFT efforts consistent with these existing legal obligations.  Binding provisions address issues include information-sharing and international co-operation, the need for robust enforcement bodies and the need for many countries to adopt legal measures in line with the Resolution.  It calls on all states to implement the comprehensive international standards embodied in the revised 40 FATF Recommendations on Combating Money Laundering, and the Financing of Terrorism and Proliferation and the interpretive notes.  It requires the UN’s Counter Terrorism Executive Directorate (CTED) to produce a report “on actions taken by Member States to disrupt terrorist financing” prior to a “joint special meeting on terrorist financing threats and trends as well as on the implementation” of the resolution within 12 months of adoption.  Member states are invited to submit information for the report by the end of 2019.





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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