The Financial Reporting Centre has revised the guidance document on targeted financial sanctions titled “Guidance to Implement Targeted Financial Sanctions Pursuant to United Nations Security Council Resolutions 1267/1989, 1988 & 1373”, issued in March 2025.
The revised guidance now incorporates targeted financial sanctions related to proliferation financing. It also provides additional information on communication channels, handling of matches, and includes sector-specific examples to assist reporting institutions in enhancing their understanding and ensuring compliance.
Guidance on the Implementation of Targeted Financial Sanctions for Reporting Institutions