| Jurisdiction | UK Non-devolved |
| Year | 2023 |
| Citation | SI 2023/704 |
2023 No. 704
Financial Services
The Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) Regulations 2023
Made 26th June 2023
Laid before Parliament 26th June 2023
Coming into force 27th June 2023
The Treasury make these Regulations in exercise of the powers conferred by section 49 of, and paragraphs 4 and 23 of Schedule 2 to, the Sanctions and Anti-Money Laundering Act 20181.
Citation, commencement and extent
1.—(1) These Regulations may be cited as the Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) Regulations 2023.
(2) These Regulations come into force on 27th June 2023.
(3) These Regulations extend to England and Wales, Scotland and Northern Ireland.
Amendment of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017
2.—(1) The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 20172are amended as follows.
(2) For Schedule 3ZA (high-risk third countries) substitute—
“
SCHEDULE 3ZA
Regulation 33(3)
High-Risk Third Countries
(1) Albania
(2) Barbados
(3) Burkina Faso
(4) Cayman Islands
(5) Democratic People’s Republic of Korea
(6) Democratic Republic of the Congo
(7) Gibraltar
(8) Haiti
(9) Iran
(10) Jamaica
(11) Jordan
(12) Mali
(13) Mozambique
(14) Myanmar
(15) Panama
(16) Philippines
(17) Senegal
(18) South Sudan
(19) Syria
(20) Tanzania
(21) Turkey
(22) Uganda
(23) United Arab Emirates
(24) Yemen
Andrew Stephenson
Steve Double
Two of the Lords Commissioners of His Majesty’s Treasury
At 11.15 a.m. on 26th June 2023
EXPLANATORY NOTE
(This note is not part of the Regulations)
These Regulations amend the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ( S.I. 2017/692) (“the MLRs”) by substituting the list of high-risk third countries in Schedule 3ZA for a new list. Schedule 3ZA was originally inserted into the MLRs by the Money Laundering and Terrorist Financing (Amendment) (High-Risk Countries) Regulations 2021 ( S.I. 2021/392) and was subsequently amended by the Money Laundering and Terrorist Financing (Amendment) (No. 2) (High-Risk Countries) Regulations 2021 ( S.I. 2021/827), the Money Laundering and Terrorist Financing (Amendment) (No. 3)...
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