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).

• From: HM Treasury
• Published: 8 July 2021

Documents

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

PDF, 159 KB, 2 pages

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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.

Published 8 July 2021