LNB News 14/11/2022
Document Information
Issue Date: 14 November 2022
Published Date: 14 November 2022
Jurisdiction(s): England, Northern Ireland, Scotland and Wales
HM Treasury (HMT) has issued a Money Laundering Advisory Notice for high risk third countries. The notice contains advice about risks posed by jurisdictions with unsatisfactory money laundering and terrorist financing controls and sets out which jurisdictions will be included in the upcoming amendment to Schedule 3ZA of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, SI 2017/692. These countries listed as high risk replicate the list by the Financial Action Task Force (FATF) as high risk or under increased monitoring.
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