Regulatory Alerts2018-03-08
Added · Updated
FATF Guidance on Counter Proliferation Financing
The Financial Action Task Force issued guidance on counter proliferation financing to assist jurisdictions in implementing effective measures against the financing of weapons of mass destruction. This document provides detailed recommendations for financial institutions and designated non-financial businesses to identify and mitigate risks associated with proliferation financing activities. It emphasizes the importance of risk-based approaches and enhanced due diligence to prevent the misuse of the financial system for illicit purposes.