Following the public statement released by the Financial Action Task Force (FATF) after its latest Plenary meeting on 22 June (covered in FReD 29 June), Treasury has issued advice about risks posed by unsatisfactory money laundering and terrorist financing controls in a number of jurisdictions. In respect of jurisdictions posing ongoing and substantial risks, and which have not developed an action plan with FATF, Treasury advises all FSA-authorised persons to have appropriate systems and controls in place and to take appropriate actions to minimise risks.(Source: Advisory Notice on AML and CFT Controls in Overseas Jurisdictions)