The SMB would like to inform subject persons of the following updates from the Financial Action Task Force (FATF):
In order to fully understand to current Proliferation Financing (PF) risks, the FATF is conducting a study that will describe the methods used to prevent the targeted financial sanctions outlined in Recommendation 7, which is mandated by the FATF Standards, as well as other national and supranational sanctions that are not covered by the FATF Standards. The report will help countries assess and mitigate their PF risks by offering a thorough understanding of typologies in intricate sanctions evasion schemes that are relevant to PF, as well as by identifying enforcement challenges and best practices.
Responses to the questions are to be provided by completing the online form by Friday 21st March, 2025 (COB Paris time)
For further information you may refer to the FATF website.