Following the publication by the Financial Action Task Force of two statements identifying jurisdictions with strategic deficiencies in their anti-money laundering and counter-terrorist financing (AML/CTF) regimes (see daily news 2 March 2015), HM Treasury has published an updated advisory notice advising firms to: consider Iran, Myanmar and the Democratic People’s Republic of Korea high risk […]
Read MoreThe misuse of companies is an issue in almost every case investigated by the SFO
The misuse of companies is an issue in almost every case investigated by the SFO as highlighted in the HM Treasury national risk assessment of ML In section 7 of the HM Treasury national risk assessment of ML the SFO has identified a number of instances in which ‘off the shelf’ companies have been used […]
Read MoreFrozen Assets Reporting (2015) – HM Treasury
Background 1. Financial sanctions legislation requires that financial institutions freeze the accounts and other funds or economic resources of designated persons and to report their findings to the Treasury. Under the legislation the Treasury can request information you may possess for the purpose of monitoring compliance. 2. Every year the Treasury carries out a review […]
Read MoreHMT ANTI-MONEY LAUNDERING AND COUNTER TERRORIST FINANCE SUPERVISION REPORT
HM Treasury has published its anti-money laundering and counter terrorist finance (AML/CFT) supervision report for 2013-14. The report provides a number of case studies of good practice by individual supervisors as they seek to meet the challenges set by the new Financial Action Task Force (FATF) methodology of assessing countries’ AML/CFT regimes. http://bit.ly/1DYJsZH
Read MoreHM Treasury annual report on AML/CTF supervision
HM Treasury has published its fourth annual report on anti-money laundering and counter terrorist finance (AML/CTF) supervision in respect of activity undertaken in 2013-2014. The report follows the new methodology used to assess member countries’ AML/CTF regimes published by the Financial Action Task Force (FATF) While previous rounds of assessments focused on technical compliance with […]
Read MoreADVISORY NOTICE ON MONEY LAUNDERING AND TERRORIST FINANCING CONTROLS IN OVERSEAS JURISDICTIONS 18 NOVEMBER 2014
This notice draws your attention to an Advisory Notice recently issued by HM Treasury regarding the risks posed by unsatisfactory money laundering and terrorist financing controls in a number of jurisdictions. The Advisory Notice can be found at the following URL address: http://bit.ly/1uAOdqK http://bit.ly/1jjHFKW This advice supersedes previous advice issued by HM Treasury in connection […]
Read MoreFollowing FATF’s issuance of updated public statements of higher risk jurisdictions in February, HM Treasury has published an updated Advisory Notice which can now be found here:
https://www.gov.uk/government/publications/money-laundering-and-terrorist-financing-controls-in-overseas-jurisdictions-advisory-notice These publications can all be found on the FATF website at: http://www.fatf-gafi.org/ Further please find attached the link to the current list of designated persons. https://www.gov.uk/government/publications/current-list-of-designated-persons-terrorism-and-terrorist-financing
Read MoreFollowing FATF’s issuance of updated public statements of higher risk jurisdictions in February, HM Treasury has published an updated Advisory Notice which can now be found here:
https://www.gov.uk/government/publications/money-laundering-and-terrorist-financing-controls-in-overseas-jurisdictions-advisory-notice These publications can all be found on the FATF website at: http://www.fatf-gafi.org/ Further please find attached the link to the current list of designated persons. https://www.gov.uk/government/publications/current-list-of-designated-persons-terrorism-and-terrorist-financing
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