Aml/hm treas/all/country risk

HM Treasury has published a revised financial sector advisory notice advising of risks posed by unsatisfactory anti-money laundering and counter-terrorist financing (AML/CTF) controls in a number of overseas jurisdictions. The notice is split into two annexes:

• Annex A: jurisdictions with ongoing and substantial money laundering and terrorist financing risks; and
• Annex B: jurisdictions with strategic deficiencies in their AML/CTF regimes, which have developed an action plan with the Financial Action Task Force.

The advice supersedes previous advice issued the Treasury in connection with AML/CTF deficiencies.

A copy of the advisory notice is available. http://www.hm-treasury.gov.uk/d/advisory_notice_moneylaundering_mar2013.docx