POTENTIAL CONSEQUENCES OF INCLUSION IN THE FATF LIST OF COUNTRIES SUBJECT TO ENHANCED MONITORING (ICRG LISTING)

In November, Financial Transparency Advisors GmbH published an Information Note about the consequences and meaning of the enhanced follow-up process for those states whose marking in their FATF evaluation falls below a desirable level.  It stresses that no economic sanctions result directly from the listing – but, of course, if a country does not mend its ways, and is subject to further measures then its reputation and business could suffer.

https://media-exp1.licdn.com/dms/document/C4E1FAQFhxVveBsxIBg/feedshare-document-pdf-analyzed/0/1606237125625?e=1606345200&v=beta&t=e7-ZlPyAwEHaPdJEXV_vRoWFhoNJYYJKY7IlG4r8JDg

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, 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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