HM Treasury has updated its list of countries that have strategic anti-money laundering deficiencies following the Financial Action Task Force's recent plenary meeting in Paris. The update mirrors the FATF revisions list published last week. HM Treasury said the following jurisdictions should be considered high risk and enhanced due diligence measures should be applied against them: Algeria, North Korea, Ecuador, Ethiopia, Indonesia, Iran, Myanmar, Pakistan, Syria, Turkey and Yemen. It further added that firms should take appropriate action against the following jurisdictions, which might include enhanced due diligence measures in high risk situations: Afghanistan, Albania, Angola, Argentina, Cambodia, Cuba, Iraq, Kenya, Kuwait, Kyrgyzstan, Lao PDR, Mongolia, Namibia, Nepal, Nicaragua, Papua New Guinea, Sudan, Tajikistan, Tanzania, Uganda, and Zimbabwe. The notice set out FATF's findings against each of the states involved as well as the progress, or otherwise, they have made in
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