Regulatory Alerts2024-10-13
Order No. 2024-113/PM/2024 Establishing the Technical Committee for Targeted Financial Sanctions on Terrorism Financing and WMD Proliferation
The President of the Republic of Djibouti issued Order No. 2024-113/PM/2024 to establish a nine-member Technical Committee responsible for implementing and managing targeted financial sanctions related to terrorism financing and weapons of mass destruction proliferation. The National Financial Intelligence Agency (ANRF) serves as the Committee's secretariat, handling meeting logistics, form management, website maintenance, and preliminary case reviews while ensuring timely publication of decisions in the Official Gazette. The Order mandates that designated financial and non-financial entities report frozen assets within six hours, provides conservation measures for long-term freezes exceeding thirty days, and allocates operational costs to the State Budget.