Sanctioned jurisdictions pose greater money laundering risk in HMT Notice

HM Treasury has published an Advisory Notice identifying a number of jurisdictions with “strategic deficiencies” in their anti-money laundering and counter-terrorist financing regimes, and has advised firms to consider a number of measures in accordance with the risks. Of the 11-listed jurisdictions, 6 are currently subject to UN, EU or US sanctions (North Korea, Iran, Iraq, Syria, Tunisia and Yemen)....