Financial Action Task Force opens consultation to inform a report on complex proliferation financing and sanctions evasion typologies

The Financial Action Task Force (FATF) has launched a public consultation seeking private sector and civil society input for a study on current proliferation financing (PF) risks and complex sanctions evasion schemes. The work is intended to improve understanding of PF risk, including evasion techniques used to circumvent targeted financial sanctions referenced in FATF Recommendation 7, alongside other national and supranational sanctions not covered by the FATF Standards. The resulting report is expected to provide an up-to-date typologies overview relevant to PF, identify enforcement challenges, and set out best practices to support countries’ PF risk assessments and risk mitigation. The consultation questions cover vulnerable products and services (including correspondent banking), approaches to managing exposure to higher-risk products and jurisdictions, effective detection measures (including suspicious transaction reporting rules), screening practices across United Nations versus national or regional sanctions lists, and best practices and challenges for public-private and private-private information sharing, including what information the FATF could provide and at what frequency. Responses are requested via an online form by close of business Paris time on Friday 21 March 2025. Submissions will be shared with FATF delegations unless respondents indicate otherwise, and will not be shared with third parties without consent.