This is the section about the latest updates:
IRAN There have been changes made to the EU Restrictive Measures concerning Iran. Please see links below setting out the changes to the existing anti-proliferation sanctions on Iran:
NEW REGIME Burundi Please note Council Regulation (EU) 2015/1755 of 1 October 2015 concerning concerning restrictive measures in view of the situation in Burundi . This is a new sanctions regime and comes into immediate effect.
Other recent Financial Sanctions news is available here.
The Central Bank has prepared Frequently Asked Questions (FAQs) to assist credit and financial institutions compliance with financial sanctions requirements.
FATF: Financing: FATF Report to G20 Leaders- actions being taken by the FATF
FATF: Combating the abuse of non-profit organisations
If implemented effectively, targeted financial sanctions are an important means to deprive terrorist and proliferation financiers of their funds, thereby protecting citizens from the threats of crime, terrorism and weapons of mass destruction. International Best Practices: Targeted Financial Sanctions Related to Terrorism and Terrorist Financing (Recommendation 6)
Financing of the Terrorist Organisation Islamic State in Iraq and the Levant This study identifies how funds are raised, moved and ultimately used by ISIL. This report seeks to understand how ISIL obtains and moves funds in order to (i) disrupt financial flows, (ii) deprive ISIL of its resources, and (iii) prevent ISIL from abusing relevant financial and economic sectors. Given the diversified nature of ISIL funding and operations, the report considered the broader issue of resourcing to accurately capture the complexities of this terrorist organisation.
Posted with BlogsyFiled under: Anti-Money Laundering, Burundi sanctions, Iranian Sanctions, Irish regulatory changes, Islamic State/ISIS/ISIL, Sanctions News, Sanctions Regulations
