US-France Terror Financing

On Oct. 12, US and French Treasuries issued actions on terror financing.

  • Meeting of US Treasury Secretary Mnuchin, and French Finance Minister Le Maire.
  • Agreed measures to strengthen cooperation in the fight against terrorist financing.
  • Sanctions
  • Noted key role that targeted sanctions play in the fight against terrorist financing.
  • Agreed to make full use of existing instruments at national and international level.
  • Wider cooperation in identification and designation of new individuals and entities.
  • FATF Role
  • Decided to coordinate their efforts to strengthen further means and tools of FATF.
  • Reinforce robust FATF network of regional bodies, to ensure implement standards.
  • Stronger tools to encourage fast adoption of countries that do not meet standards.
  • By capacity building and technical assistance, and by countermeasures, sanctions.

Regulators FATF; FR Government; US Treasury
Entity Types B/D; Bank; IA; Inv Co
Reference Sp, 10/12/2017
Functions AML; Anti-Bribery; Compliance; Financial; Legal; Operations
Countries France; United States of America; Cross-Border
Products Banking; Fund Mgt; Deposits; Clearing
Regions Am; EMEA; Global
Rule Type Guidance
Rule Date 10/12/2017
Effective Date 10/12/2017
Rule Id 35467
Linked to N/A
Report Issue 10/15/2017
Report Section AML & Enforcement

Last substantive update on 10/12/2017