On 15 April 2011 HM Treasury issued a notice in relation to the risks associated with unsatisfactory money laundering controls in a number of jurisdictions.
The statement covers three broad areas:
- Jurisdictions with ongoing and substantial money laundering and terrorist financing risks, identified as Iran and The Democratic People's Republic of Korea;
- Jurisdictions with strategic deficiencies in their Anti money laundering and terrorist financing regimes, identified as Antigua and Barbuda, Bangladesh, Ecuador, Ghana, Greece, Honduras, Indonesia, Morocco, Pakistan, Paraguay, Philippines, Sao Tome and Principe, Sudan, Tanzania, Thailand, Turkmenistan, Ukraine, Venezuela, Vietnam, Yemen. It also identifies jurisdictions not yet making enough progress with their action plans, being Angola, Bolivia, Ethiopia, Kenya, Myanmar, Nepal, Nigeria, Sri Lanka, Syria, Trinidad and Tobago and Turkey; and
- A mutual evaluation of the state of anti money laundering procedures in Argentina, which is still considered a jurisdiction of particular concern due to deficiencies in its anti money laundering regime.
The statement can be found on the Treasury website