HM Treasury has published a revised financial sector advisory notice on money laundering and terrorist financing controls in overseas jurisdictions. The notice contains advice issued by the Treasury about risks posed by unsatisfactory anti-money laundering and counter-terrorist financing controls in a number of overseas jurisdictions. The main changes from the last notice issued by HMT are:
- Jurisdictions which had on-going and substantial money laundering and terrorist financing risks- Bolivia, Cuba, Sri Lanka and Thailand are no longer listed; and
- Jurisdictions with strategic deficiencies in their AML and CTF regimes, which have developed an action plan with the Financial Action Task Force- Ghana is no longer listed and the following countries have been added to the list: Cuba, Bolivia, Nicaragua, Sri Lanka and Thailand.
Links to any relevant Treasury financial sanctions notices and FATF statements/reports are contained within the note and annexes.
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