Treasury updates AML advisory

Treasury has updated its money laundering advisory notice, following the FATF plenary in late February. North Korea and Iran remain jurisdictions in relation to which firms should apply enhanced due diligence measures, with Afghanistan, Bosnia and Herzegovina, Ethiopia, Iraq, Lao PDR, Syria, Uganda, Vanuatu and Yemen also highlighted as jurisdictions in relation to which enhanced due diligence may be appropriate. Many of these jurisdictions are also subject to sanctions restrictions.

Treasury also notes the ongoing suspension of the call for countermeasures against Iran, which was put in place for 12 months in June 2016.


Emma Radmore