On 17 March 2022, HM Treasury published an updated advisory notice regarding the risks posed by jurisdictions with unsatisfactory money laundering and terrorist financing controls. The advisory notice replaces all previous notices issued by HM Treasury on the subject.
The list of jurisdictions replicates those countries listed by the Financial Action Task Force (FATF) as
On 15 March 2022, the Joint Money Laundering Steering Group (JMLSG) reported that Ministerial approval had been given to the following revisions to its guidance:
On 28 February 2022, there was published on the UK government’s website The Economic Crime (Transparency and Enforcement) Bill 2022 (Bill) and a factsheet regarding the Register of Overseas Entities.
The Bill has three main objectives: