Speech by FATF President Vladimir Nechaev at Open Briefing by the UN Security Council Sanctions Committees and the FATF
New York, 18 November 2013. The FATF has collaborated closely with the United Nations since 2001 to fight terrorist financing. The connection between FATF and the UN was further strengthened when the fight against the financing of the proliferation of weapons of mass destruction was added to the FATF’s mandate.
FATF President Vladimir Nechaev elaborated on this connection between the FATF and the UN at an open briefing by the UN Security Council Sanctions Committees and the FATF.
The FATF Recommendations and its Best Practices and Guidance assist countries to effectively implement targeted financial sanctions measures against terrorist financing and proliferation financing, as required by the UN Security Council Resolutions. The FATF Recommendations also complement the UN instruments by covering additional technical issues that are not covered by the UN instruments. The FATF aims to ensure that the requirements of the FATF Recommendation are aligned with UN obligations. Thus, countries are able to implement both sets of measures with one legal or regulatory system – despite the differences that exist between both sets of requirements.
The FATF Recommendations that support countries in the implementation of the Security Council Resolutions are the following:
UNSCR 1267 (1999) and its successor resolutions on the situation in Afghanistan
UNSCR 1373 (2001) on threats to international peace and security caused by terrorist acts
UNSCR 1718 (2006) on Non-proliferation and the Democratic People’s Republic of Korea
UNSCR 1737 (2006)on Non-proliferation and their respective successor resolutions
UNSCR 1540 (2004) on the Non-proliferation of weapons of mass destruction