Washington DC, June 23 -- The Financial Action Task Force (FATF) has updated its Recommendation 6 on targeted financial sanctions related to terrorism and terrorist financing to better support humanitarian activities, according to an official statement issued by the FATF.

Recommendation 6 of the FATF Standards requires countries to implement targeted financial sanctions to comply with United Nations Security Council resolutions (UNSCRs) relating to the prevention and suppression of terrorism and terrorist financing.

The updated Standards will require countries to comply with the humanitarian exemption contained in UNSCRs 2664, 2761, and 2615.

The updated Standards ensure that sanctions measures do not block the flow of funds, assets, r...