Policy paper

Money Laundering Regulations: High Risk Third Countries Statement

This statement is being made in relation to the Money Laundering and Terrorist Financing (Amendment) (High-Risk Countries) Regulations 2021 (S.I. 2021/392).

This was published under the 2019 to 2022 Johnson Conservative government

Documents

Money laundering and terrorist financing (Amendment)(High-Risk Countries) Regulations 2021

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Details

This statement is being made to correct a reference in the Explanatory Memorandum prepared by HM Treasury to the Money Laundering and Terrorist Financing (Amendment) (High-Risk Countries) Regulations 2021 (S.I. 2021/392) and to make a statement under paragraph 15(4) of Schedule 8 to the European Union (Withdrawal) Act 2018.

When amending law made under 2(2) of the European Communities Act 1972, paragraph 15(4) of Schedule 8 to the European Union (Withdrawal) Act 2018 requires a statement be made to explain the reasoning for the amendment. This statement was not given when the Money Laundering and Terrorist Financing (Amendment) (High-Risk Countries) Regulations 2021 (S.I. 2021/392) was laid. The statement, made by John Glen MP, Economic Secretary to the Treasury, corrects this and sets out in summary the reasons for amending the Money Laundering Regulations.

Updates to this page

Published 8 July 2021

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