The UK Government has announced financial sanctions against the regimes in Libya and Zimbabwe and against anyone associated with either Al-Qaida or the Taliban.
If your business is registered with HM Revenue & Customs under Money Laundering Regulations you will need to review your anti-money laundering policies and procedures as a result of these developments. You will need to check your risk assessment and take any steps necessary to ensure you continue to meet your legal and regulatory anti-money laundering and reporting obligations.
Read about Assessing the risk of money laundering in your business.
Find out more about financial sanctions on the HM Treasury website (Opens new window)
