OFAC-administered sanctions are imposed against targeted countries and regimes, as well as individuals and companies. It says that Portugal should allocate appropriate means and resources to the FIU so that it can adequately manage and investigate the increasing volume of suspicious transaction reports, and conduct strategic analysis to identify ML/TF trends and patterns, and should also maintain adequate and comprehensive ML/TF-related statistics in order to better support and document its understanding and analysis of risks, and demonstrate the actions taken and results achieved.In an effort to support the foreign policy of the United States and to protect the nation’s trade and security interests, the Office of Foreign Assets Controls (OFAC) imposes economic and trade sanctions on foreign countries and regimes whose own interests are in conflict with those of the United States.
Non-financial businesses and professions and their supervisors lack the understanding of the risks involved. On 11 th December FATF published its report on Portugal’s AML/CFT regimes and concludes that Portugal has a sound and effective regime for fighting money laundering and terrorist financing, but should improve implementation of measures aimed at non-financial business and professions. He is said to have run 2 timber companies in Liberia 2000-03 and used them to smuggle arms, according to the Dutch court that sentenced him to 19 years in prison.Īuthor raytodd2017 Posted on DecemLeave a comment on DUTCH BUSINESSMAN ARRESTED ON LIBERIAN SANCTIONS CHARGES FATF MUTUAL EVALUATION REPORT: PORTUGAL He had been living in Cape Town and refused to return to the Netherlands for trial, citing health problems, and so was not present at the trial. “Blood timber” trader Guus Kouwenhoven, 75, (known in Liberia as “Mister Gus”) was sentenced as an accessory to war crimes for providing arms to Taylor’s government in violation of a UN embargo. It reports that a Dutch businessman convicted in April of selling weapons to ex-Liberian president and warlord Charles Taylor has been arrested in South Africa on a Dutch warrant, officials said. DUTCH BUSINESSMAN ARRESTED ON LIBERIAN SANCTIONS CHARGESĪs often is the case, Defence Web has a story not commonly seen elsewhere.
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