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The Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) Regulations 2024

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In force since 2024-01-23, as the publisher states.

Copy read on 2026-11-10. The page it was read from

Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.

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Contents: 3 provisions
  1. Title and introductory text
  2. 1 Citation, commencement and extent
  3. 2 Meaning of high-risk third country in the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017

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3 provisions

Title and introductory text

2024 No. 69 Financial Services The Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) Regulations 2024 Approved by both Houses of Parliament Made at 1.45 p.m. on 22nd January 2024 Laid before Parliament at 4.30 p.m. on 22nd January 2024 Coming into force 23rd January 2024 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.

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1 Citation, commencement and extent

(1) These Regulations may be cited as the Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) Regulations 2024. (2) These Regulations come into force on 23rd January 2024. (3) These Regulations extend to England and Wales, Scotland and Northern Ireland.

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2 Meaning of high-risk third country in 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(3)(a) (obligation to apply enhanced customer due diligence: meaning of high-risk third country), for “a country which is specified in Schedule 3ZA” substitute— a country named on either of the following lists published by the Financial Action Task Force as they have effect from time to time— (i) High-Risk Jurisdictions subject to a Call for Action; (ii) Jurisdictions under Increased Monitoring; . (3) Omit Schedule 3ZA (high-risk third countries).

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