Sanctions Intelligence Update – FARC: Peace Accord and The Enduring Illicit Finance Threat

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The November 2016 peace accord between the Colombian Government and the Revolutionary Armed Forces of Colombia (FARC) includes a 180-day FARC disarmament deadline on May 29, 2017. By most accounts, the FARC has been slow to comply with the demobilization process, raising questions about the future of the peace agreement, and the sanctions relief that could accompany political normalization with the FARC. Colombian President Santos, who met with President Trump on May 18, 2017 in Washington, DC, has already publicly indicated that the deadline for full FARC disarmament may need to be extended. Although the UK revoked the FARC’s terror-related designation last fall, the group remains sanctioned by the US as both a terrorist and narcotics trafficking group. Recent reports of breakaway FARC commanders and military factions — many with extensive histories in drug trafficking — suggest a continuing threat of FARC-related criminal activity. The FARC has also yet to disclose a significant portion of their illicit assets for use as reparations, as required by the accord.

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