Regulatory Alerts2020-06-23
Added · Updated
Gibraltar Counter Proliferation Financing Guidance Notes
The Gibraltar Financial Intelligence Unit and Gibraltar Financial Services Commission issued these guidance notes to define proliferation financing and outline the legal obligations for reporting entities. The document details international and domestic regulatory frameworks, including UN Security Council resolutions and Gibraltar's domestic legislation, while providing risk assessment methodologies and red flag indicators. It further specifies sectoral requirements for banking, insurance, and trust providers, along with procedures for reporting suspicious activities and associated legal penalties.