Treasury has updated its advisory on money laundering (ML) and terrorist financing controls in overseas jurisdictions. It continues to advise that North Korea, Iran and Myanmar are high risk, and firms should apply enhanced due diligence in relation to them. Countries where firms should take action to minimise risks are Afghanistan, Algeria (which was previously noted as high risk), Angola, Bosnia and Herzegovina, Guyana, Iraq, Lao PDR, Panama, Papua New Guinea, Syria, Uganda and Yemen. (Source:Treasury Updates ML Advisory)