July 10, 2017: HMT advises recent FATF advisories

HMT repackaged the results of FATF’s last adjustment of its Deficient Jurisdiction lists in the following note:

 

In response to the statements published by FATF on 23 June 2017, HM Treasury advises firms to:

Consider the following jurisdictions as high risk for the purposes of the Money Laundering Regulations 2007, and so advises firms to apply enhanced due diligence measures in accordance with the risks:

DPRK*, Iran*

Take appropriate actions in relation to the following jurisdictions to minimise the associated risks, which may include enhanced due diligence measures in high risk situations: 

The annex then gives all the detail from FATF’s statements, inclduing the fact that Afghanistan and Lao PDR (aka Laos) are no longer under the extra scrutiny of the other listed countries due to significant improvements in their national AML/CTF regimes.

Links:

HMT Notice

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