On 23 June 2017, the Financial Action Task Force (FATF) published information identifying jurisdictions with deficiencies in their antimoney laundering and counter-terrorist financing regimes. In response to this published information by the FATF, in its advisory notice, HM Treasury advises firms to consider North Korea and Iran as high-risk jurisdictions for the purposes of the Money Laundering Regulations 2007, and … Continue Reading
As a result of a freedom of information request, HM Treasury has published responses it received to its consultation on “[t]he process for imposing monetary penalties for breaches of financial sanctions”. See here for public responses, and here for HM Treasury’s own consultation response.… Continue Reading
