AML/CFTR 3.5.6 Non-cooperative, high risk and sanctioned jurisdictions
A firm must conduct enhanced CDD and enhanced ongoing monitoring in relation to transactions conducted under a business relationship if a source of wealth or funds of the relationship derives from a jurisdiction:
(a) that is identified by FATF as a non-cooperative or high risk country or territory (however described); or
(b) that is subject to international sanctions.
|Derived by QFCRA RM/2019-8 (as from 1st February 2020)|