Clause (5) of Article 21 of Cabinet Decision No. 74 of 2020 on the Terrorism Lists System and the implementation of the United Nations Security Council resolutions related to the prevention and suppression of terrorism and its financing, prevention of the arms proliferation and its financing, and related resolutions, requires lawyers — as non-financial professionals — to immediately report any matches with persons or organizations listed on an international or local sanctions list or when it is suspected that the client is listed or has a relationship with a person listed on those lists, and to report transactions that are attempted by the client or the listed person. In order to facilitate those subject to the provisions of the aforementioned Cabinet Decision to fulfil their obligations, two features have been added to the goAML platform as the unified platform dedicated to reporting any transactions or persons related to international or local sanctions lists, namely:
1. Funds Freeze Report (FFR),
2. Partial Name Match Report (PNMR),
so that repo...