These Eight Recommendations were issued by the FATF in October 2001 and set out the basic framework for combating terrorist financing. They required implementation of a range of measures, including taking immediate steps to ratify the 1999 United Nations Convention for the Suppressing of the Financing of Terrorism and the relevant United Nations Resolutions; criminalizing the financing of terrorism, terrorist acts and terrorist organizations; freezing and confiscating their assets; and providing the widest possible range of assistance to other countries’ law enforcement and regulatory authorities for terrorist investigations. Since 2012, the FATF 8 Special Recommendations are incorporated in the FATF Recommendations. Recommendation 6 requires each country to implement the targeted financial sanctions regimes to comply with the United Nations Security Council resolutions (UNSCRs) relating to the prevention and suppression of terrorism and terrorist financing.

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