Following statements from the Financial Action Task Force (FATF), Treasury has published an updated advisory notice on money laundering and terrorist financing controls in overseas jurisdictions. The note identifies North Korea and Iran as high risk jurisdictions for which firms should apply enhanced due diligence measures. Treasury also identified 11 jurisdictions for which appropriate action should be taken to minimise the associated risks, which may include enhanced due diligence measures in high risk situations. (Source: Treasury updates on high risk money laundering jurisdictions)