A Frequently Asked Questions (FAQ) document on Targeted Financial Sanctions (TFS) has been prepared by the Technical Sub-Committee of the Interagency Coordination Committee (ICC) comprising all AML/CFT Supervisors and Regulators. It is intended to provide authoritative guidance and general information to stakeholders, including reporting entities, government agencies, and the public, on the interpretation and implementation of TFS measures in accordance with national and international obligations.
The content herein aims to enhance understanding of TFS requirements, clarify common areas of uncertainty, and support consistent compliance practices. This document should be read in conjunction with applicable laws, regulations, and directives governing targeted financial sanctions.
The FAQ does not constitute legal or professional advice but serves as a reference to support informed decision-making and effective implementation.
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