<p>The Treasury revises and issues a new Advisory Notice after every plenary meeting of the Financial Action Task Force. The Notice identifies countries with strategic deficiencies in their Anti-Money Laundering and Counter-Terrorist Financing regimes.</p><p>The Money Laundering Regulations 2007 require regulated businesses to apply enhanced due diligence and enhanced ongoing monitoring on a risk-sensitive basis in situations which present a higher risk of money laundering or terrorist financing.</p><p>The Treasury's Advisory Notice is intended to support firms in their application of a risk-based approach to money laundering and terrorist financing controls.</p>