PUBLIC CONSULTATION ON FATF RECOMMENDATION 1 AND ITS INTERPRETIVE NOTE ON PROLIFERATION FINANCING

On 30 June, FATF launched a public consultation saying that it is considering proposals for amendments to Recommendation 1 and its Interpretive Note to require countries and the private sector to identify, and assess the risks of potential breaches, non-implementation or evasion of the targeted financial sanctions related to proliferation financing, as contained in FATF Recommendation 7, and to take action to mitigate these risks. The consultation runs to 31 August. FATF reminds one that the proposals remain in draft stage and the FATF will be further considering the proposals in light of the public consultation, in its next Plenary meeting in October 2020.

http://www.fatf-gafi.org/publications/fatfrecommendations/documents/consultation-recommendation-1.html

 

 

 

If you would like to say thanks by making a small contribution, in case I need to upgrade or replace my computers and other paraphernalia, I have a page at https://www.buymeacoffee.com/KoIvM842y

 

 

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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