HM Treasury has recently published some guidance on financial sanctions and information about work done by the Asset Freezing Unit.
If your business is registered with HM Revenue & Customs under Money Laundering Regulations you should review your anti-money laundering policies and procedures to check that you have considered risks from financial sanctions.
You should check your risk assessment and take any steps necessary to ensure that 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)
