Committee for Restrictive Measures (CRM)

With a view to the progressive alignment with the FATF standards, in compliance with the international obligations undertaken by the Republic of San Marino to counter terrorism, the proliferation of weapons of mass destruction and their financing, and the activity of countries that threaten international peace and security, and to allow a rapid implementation of the United Nations Security Council resolutions, the Great and General Council of the Republic of San Marino, by means of Law no. 57 of 29 March 2019, has established the Committee for Restrictive Measures (CRM).


The CRM is presided over by the Director of the Foreign Affairs Department and is composed of the Director of the Department of Institutional Affairs and Justice, the Director of the Department of Finance and Budget, the Commanders of the Police Forces, the Director of the NCB-Interpol and the Asset Recovery Office (ARO) and the Director of the Financial Intelligence Agency. 


The CRM is the competent authority for national and international designations of individuals, groups or entities for the purpose of their inclusion in the lists maintained by the United Nations Security Council (or one of its Committees) and in the national list, in order to allow the implementation of restrictive measures of a financial nature and concerning transit bans or embargoes; particular attention is paid in this regard to the so-called freezing measures (targeted financial sanctions) with respect to assets or funds belonging to those who are linked to terrorist activities or proliferation of weapons of mass destruction and their financing. The CRM is also the competent authority for delisting and revocation of the above measures. 


In the performance of its functions, the Committee collaborates, through requests for data, information or submission or delivery of acts or documents, with the Judicial Authority, the Police Authority, the National Central Bureau of Interpol, the Financial Intelligence Agency, the national public Administrations and the corresponding foreign authorities. The CRM also collaborates with the Technical Commission for National Coordination referred to in Article 15 bis of Law no. 92 of 17 June 2008 and subsequent amendments and integrations.


The CRM is also the competent authority to make to and receive from corresponding foreign authorities requests for the freezing of assets or funds against individuals or entities included in the national list; moreover, in implementation of the provisions of UN Security Council Resolution 1373, it plays the important role of strengthening national cooperation among institutions, authorities and offices, as well as of enhancing international cooperation in preventing and combating criminal activities and in ensuring international peace and security.

 

 


Law no. 57 of 29 March 2019
Technical Annex
Regulation referred to in Article 2, paragraph 2 of Law no. 57 of 29 March 2019 (with forms for delisting and exemption requests)

 

-UN Security Council restrictive measures



 


 
 
 

Republic of San Marino

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