Contents
1Citation and commencement#
(1)These Regulations may be cited as the Money Laundering and Terrorist Financing (Amendment) (High-Risk Countries) Regulations 2021.
(2)These Regulations come into force on 26th March 2021.
2Amendment of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017#
(1)The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 are amended as follows.
(2)In regulation 33 (obligation to apply enhanced customer due diligence), for paragraph (3)(a) substitute—“a a “high-risk third country” means a country which is specified in Schedule 3ZA;”
(3)In regulation 39(4) (reliance), for “a country which has been identified by the European Commission as a high-risk third country in delegated acts adopted under Article 9.2 of the fourth money laundering directive” substitute “a high-risk third country”.
(4)After Schedule 3 (relevant offences) insert—“1 Albania2 Barbados3 Botswana4 Burkina Faso5 Cambodia6 Cayman Islands7 Democratic People’s Republic of Korea8 Ghana9 Iran10 Jamaica11 Mauritius12 Morocco13 Myanmar14 Nicaragua15 Pakistan16 Panama17 Senegal18 Syria19 Uganda20 Yemen21 Zimbabwe”
Contains public sector information licensed under the Open Government Licence v3.0.