New Treasury guidance on financial sanctions
The Treasury has published guidance on financial sanctions and information about work done by the Asset Freezing Unit.
It advises business owners registered with HMRC under Money Laundering Regulations to review their anti-money laundering policies and procedures to check that they have considered risks from financial sanctions.
Firms should check their risk assessment and take any steps necessary to ensure they continue to meet their legal and regulatory anti-money laundering and reporting obligations.
More details are available at HMRC.
Published 19 October 2012
SOURCE: CCH Online