Procedures For Freezing Assets Of Designated Terrorist Or Terrorist Organizations
Procedures For Freezing Assets Of Designated Terrorist Or Terrorist Organizations
It is a requirement of UNSCR 1373 that funds and assets of persons designated as a terrorist or terrorist organization is frozen without undue delay. The following outlines the procedure that is adopted in giving effect to the captioned resolution:
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CFATF calls for counter measures against Guyana
Miami, Florida, May 29th, 2014 - The Caribbean Financial Action Task Force (CFATF) is an organisation of twenty-seven jurisdictions of the Caribbean Basin Region, which have agreed to implement the international standards for Anti-money Laundering and Combating the Financing of Terrorism (AML/CFT), Financial Action Task Force Recommendations (FATF Recommendations). In order to protect the international financial system from money laundering and financing of terrorism (ML/FT) risks and to encourage greater compliance with the AML/CFT standards, the CFATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.