FATF strengthens Rec.6 on terrorist financing sanctions, introducing UN-aligned humanitarian exemptions to help ensure legitimate aid and essential financial services reach those in need

The standards update requires countries to reflect humanitarian exemptions in relevant UN Security Council resolutions, helping ensure targeted financial sanctions do not block funds, assets, goods or services needed for humanitarian assistance. FATF frames the change as part of its wider work on mitigating unintended consequences from AML/CFT measures, while maintaining a risk-based approach to countering terrorism and terrorist financing…