Money Laundering & Overseas Jurisdictions

FATF has updated its list of jurisdictions which have strategic AML/CTF deficiencies (see Regulatory Roundup 23 for details of previous position) as well as updating its Public Statement on Iran and the Democratic People’s Republic of Korea. Argentina can be added to the list which was the subject of a mutual evaluation exercise.

The message from H M Treasury is that firms should take the lists into account in respect of their systems and controls to counter financial crime.