Regulatory Alerts2025-01-20
AMLC Resolution No. TF-104 Series of 2025: Notice of Targeted Financial Sanctions in Relation to ATC Resolution No. 65 (2024)
The Anti-Money Laundering Council issued Resolution No. TF-104 to implement the Anti-Terrorism Council's Resolution No. 65 by lifting sanctions against eight delisted individuals while maintaining freezes on eleven designated terrorists. Covered institutions are mandated to immediately freeze the assets of the maintained designees and submit written returns and suspicious transaction reports regarding their previous activities within five days. Violations involving the handling of funds owned or controlled by designated individuals are subject to prosecution under the Terrorism Financing Prevention and Suppression Act.
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