Review the AML/CFT legal framework to address deficiencies against the FATF standard. In particular: (i) The Council of Ministers approves a State Decree giving effect to the International Sanctions Act provisions on freezing of terrorist assets, in line with FATF R.6; (ii) a Law ensuring the enforcement of foreign final court sentences is submitted to the National Assembly, in line with FATF R.36; and (iii) the MOT Act 1 is amended to enable the CBvS to adequately share information with relevant competent authorities, in line with FATF R.9, and to enable the MOT to request further information in response to requests from foreign financial intelligence units, in line with FATF R.40.
Introduced at R0. Macro-criticality: Important to reduce the risk that AML/CFT issues destabilize the financial system, and, consequently, fiscal and macroeconomic performance.