I recommend MLROs and compliance officers at international banks concerned that their clients could be violating UN non-proliferation 1737 sanctions on Iran read the recent Guidance on the subject issued by the Financial Action Task Force (FATF), as it contains some valuable instruction on the identification of high-risk customers and transactions relevant to proliferation issues.

The facts and opinions stated in this article are those of the author and not those of World-Check. World-Check does not warrant the accuracy of any facts and opinions stated in this article, does not endorse them, and accepts no responsibility for them.