Following the publication by the Financial Action Task Force of two statements identifying jurisdictions with strategic deficiencies in their anti-money laundering and counter-terrorist financing (AML/CTF) regimes on 27 February 2015   HM Treasury has published an updated advisory notice advising firms to:

 – Consider certain specified jurisdictions as high risk for the purposes of the Money Laundering Regulations 2007; and

 – Take appropriate actions with regard to certain specified jurisdictions in order to reduce associated AML/CTF risks which may include enhanced due diligence measures in high risk situations.

A copy of the advisory notice is available. http://bit.ly/1In0WGo