Statutory Instruments
2023 No. 1306
Financial Services
The Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) (No. 2) Regulations 2023
Approved by both Houses of Parliament
Made
at 11.30 a.m. on 4th December 2023
Laid before Parliament
at 3.30 p.m. on 4th December 2023
Coming into force
5th December 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 2018( 1 ).
Citation, commencement and extent
1. —(1) These Regulations may be cited as the Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) (No. 2) Regulations 2023.
(2) These Regulations come into force on 5th December 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 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. Barbados
2. Bulgaria
3. Burkina Faso
4. Cameroon
5. Croatia
6. Democratic People’s Republic of Korea
7. Democratic Republic of the Congo
8. Gibraltar
9. Haiti
10. Iran
11. Jamaica
12. Mali
13. Mozambique
14. Myanmar
15. Nigeria
16. Philippines
17. Senegal
18. South Africa
19. South Sudan
20. Syria
21. Tanzania
22. Turkey
23. Uganda
24. United Arab Emirates
25. Vietnam
26. Yemen. ”
Scott Mann
Stuart Anderson
Two of the Lords Commissioners of His Majesty’s Treasury
At 11.30 a.m. on 4th December 2023
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.