Where we intend to collaborate with organisations based in high risk countries, additional work will be required around due diligence to ensure that the University has considered and mitigated risks effectively to continue the working relationship. It is advisable to seek further advice from Finance Division prior to application, if you think that the proposed country might create financial difficulties.
The FATF website gives an indicator of high risk and non-cooperative jurisdictions.
You can also check the corruption index on Transparency International's webpages.
Payments to Iran and North Korea are particularly difficult and no payments to these countries should be attempted.
Payments to Cuba, Syria, South Sudan, Sudan and Crimea require extensive pre-approval from the bank of any payments. Funds sent to the University from these countries will be intercepted and there is a risk that these are not returned to the sender or forwarded to the University.
The University needs to ensure that we do not enter contracts with individuals or entities that we will not be able to honour.
Please consult with Treasury and speak to either Jan Smith or Sean Anderson before entering into any contracts that will involve any of the countries above.