The UK Treasury has warned UK firms about the risks posed by unsatisfactory money-laundering controls in Iran, Pakistan, Uzbekistan, Turkmenistan, Azerbaijan, and São Tomé and Príncipe.
The Treasury endorses the concerns of the Financial Action Task Force (FATF), which has drawn attention to deficiencies in these countries. The UK fully supports the work of the FATF and agrees with its assessment of the dangers of doing business with the listed countries, Treasury officials say.
Iran remains a m
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