30.07.2021. FATF vadlīnijas par proliferācijas finansēšanas riskiem

Company News

The Financial Action Task Force (FATF) outlined guidance for national supervisors, banks and other firms on how to identify and mitigate their exposure to the funding of weapons of mass destruction.
Under the revisions, banks and other financial institutions are not expected to establish standalone private finance initiatives, but must have processes in place to identify, assess, monitor, manage and mitigate such risks.
Rooting out the networks trafficking in weapons of mass destruction (WMD) will require greater private-public sector engagement, FATF advised governments and businesses alike to begin their risk assessment process by compiling a list of major known or suspected threats: key sectors, products, or services that have been exploited, types and activities that designated individuals/entities engaged in. And the primary reasons why designated persons and entities are not deprived of their assets or identified.
But while the perceived vulnerabilities to proliferation financing will vary significantly across sectors and jurisdictions, governments and businesses that might believe themselves to be at low risk of exposure to such transactions should consider the likelihood that sophisticated PF networks have successfully evaded their detection in the past.
The guidance, which builds on a similar paper published in 2018, cited sanctions evasion schemes linked to maritime shipping, trade finance, precious metals and stones, virtual asset service providers, shell and front companies, and correspondent banking relationships as potential avenues for funding the spread of WMDs.