The Middle East and North Africa Financial Action Task Force (MENAFATF) in cooperation with the Executive Office for Control and Non-Proliferation in the United Arab Emirates, has launched this morning, the seminar on “Best Practices on Implementing Targeted Financial Sanctions and Sanctions Evasion” seminar. The seminar was attended by experts from the committee and experts in implementing targeted financial sanctions in member countries and was generously hosted by the United Arab Emirates in Dubai. The seminar aims to provide a comprehensive understanding of the financing of arms proliferation and its mechanisms, and to understand, identify and assess risks, in addition to providing insights into the international legal framework governing the financing of proliferation, including UN resolutions and FATF recommendations. It also aims to exchange expertise and experiences on implementing targeted financial sanctions, revealing methods of evading sanctions, indicators of suspicion and patterns used in evading targeted financial sanctions. The seminar will invite participants to work collectively to prepare a guidance document for the effective implementation of targeted financial sanctions and to develop mechanisms to combat sanctions evasion based on the seminar’s outcomes, while identifying best practices to enhance and exchange expertise among participants, which is one objectives of the Technical Committee for Implementing Targeted Financial Sanctions established within MENAFATF this year.