Treasury updates AML advisory

Treasury has updated its periodic AML advisory notice to reflect the conclusions from the FATF plenary meeting. The notice reiterates the expectation that firms will:

  • apply EDD and countermeasures in respect of North Korea
  • apply EDD in respect of Iran and
  • take appropriate measures to minimise risks in respect of the Bahamas, Botswana, Ethiopia, Ghana, Pakistan, Serbia, Sri Lanka, Syria, Trinidad and Tobago, Tunisia and Yemen

Emma Radmore