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FATF Releases Guidance on Best Practices for Freezing Terrorist Assets
printFATF Releases Best Practices for Freezing Terrorist Assets An anti-money laundering watchdog group today released guidelines on how countries can best identify and freeze assets tied to terrorist financing. Some of the minimal steps jurisdictions can take to ensure effective polices include applying "without delay" asset freezes on sanctioned individuals, prohibiting funds from being available to sanctioned individuals and requiring the reporting of terrorist assets to authorities empowered to freeze assets, the Financial Action Task Force said in the guidance, "International Best Practices: Freezing of Assets." The guidance aims to help jurisdictions implement United Nations Security Council Resolutions (UNSCR) 1267...
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