Statutory Instruments
2022 No. 782
Financial Services
The Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) (No. 2) Regulations 2022
Approved by both Houses of Parliament
Made
at 2.45 p.m. on 11th July 2022
Laid before Parliament
at 5.00 p.m. on 11th July 2022
Coming into force
12th July 2022
The Treasury, 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 2018( 1 ), make the following Regulations.
Citation and commencement
1. —(1) These Regulations may be cited as the Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) (No. 2) Regulations 2022.
(2) These Regulations come into force on 12th July 2022.
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 2017( 2 ) are amended as follows.
(2) For Schedule 3ZA (high-risk third countries) substitute—
Regulation 33(3)
“ SCHEDULE 3ZA High-Risk Third Countries
1. Albania
2. Barbados
3. Burkina Faso
4. Cambodia
5. Cayman Islands
6. Democratic People’s Republic of Korea
7. Gibraltar
8. Haiti
9. Iran
10. Jamaica
11. Jordan
12. Mali
13. Morocco
14. Myanmar
15. Nicaragua
16. Pakistan
17. Panama
18. Philippines
19. Senegal
20. South Sudan
21. Syria
22. Turkey
23. Uganda
24. United Arab Emirates
25. Yemen ” .
Gareth Johnson
Michael Tomlinson
Two of the Lords Commissioners of Her Majesty’s Treasury
At 2.45 p.m. on 11th July 2022
2018 c. 13 . In section 49 the definition of “terrorist financing” was amended by paragraph 9 of Part 2 of Schedule 3 to the Sanctions and Anti-Money Laundering Act 2018. There are amending instruments to the 2018 Act but none is relevant. See the definition of “appropriate Minister” in section 1(9) of the 2018 Act.
S.I. 2017/692 , amended by S.I. 2019/253 , 2019/991 , 2020/1511 , 2021/392 , 2021/827 , 2021/1218 and 2022/393 . There are other amending instruments but none is relevant.