Rahman Ravelli
Rahman Ravelli Solicitors Logo
Call Our Rapid Response Team: 0800 559 3500  Request a Callback
Our Services Sectors International About Us Legal Articles News Contact Us
Rapid Response: 0800 559 3500
Rapid Response: 0800 559 3500
 

/ News / Nicola Sharp tells Thomson Reuters about the significance of the new approach to financial sanctions being considered by the Financial Action Task Force

Nicola Sharp tells Thomson Reuters about the significance of the new approach to financial sanctions being considered by the Financial Action Task Force



The Financial Action Task Force (FATF) is consulting on a new approach to assessing the risk of breaches, non-implementation or evasion of targeted financial sanctions on proliferation financing. This prompted Thomson Reuters’ Regulatory Intelligence to seek the thoughts of Rahman Ravelli’s Nicola Sharp.

Nicola said that, as the proposal placed the focus on the risks of proliferation financing, banks would need to pay close attention to such risks and have an in-depth understanding of them. She stressed the need for banks to be capable of altering their systems in response to the risks, with compliance teams having to ensure they are aware of all aspects of the problem and any signs of it. 

The full article can be read here. (Subscription required) 

Nicola Sharp

Nicola Sharp

Legal Director

nicola.sharp@rahmanravelli.co.uk
+44 (0)203 910 4567 vCard

Specialist Areas of Practice: International Regulation and Corporate Crime, Fraud and Business Crime, Civil Fraud, Corporate Investigations

View Author Profile

London Office: +44 (0)203 947 1539
Midlands Office: +44 (0)121 827 7985
Northern Office: +44 (0)1422 346 666
24hr Rapid Response: 0800 559 3500


Need Help or Advice?

Share this article on

Related Expertise