The United Kingdom (UK) government has published a list of 21 high-risk countries with unsatisfactory money laundering and terrorist financing controls.
Meanwhile, the country has already brought to the public domain the full list of the other countries published by the UK Government under “The Money Laundering and Terrorist Financing (Amendment) (High-Risk Countries) Regulations 2021” has been approved by both Houses of UK’s Parliament.
The publication as sighted has the following list of countries, 21 in total, being put under the radar from the foregoing.
In alphabetical order, the countries are Albania, Barbados, Botswana, Burkina Faso, Cambodia, Cayman Islands, Democratic People’s Republic of Korea, Ghana, Iran, Jamaica, Mauritius, Morocco, Myanmar, Nicaragua, Pakistan, Panama, Senegal, Syria, Uganda, Yemen, and Zimbabwe.
The list came into force on March 26, 2021 and was released as part of post-Brexit developments. Until the end of the Brexit transition period, the list of high-risk countries was determined by the European Union (EU) under the 4th Anti-Money Laundering Directive but the UK now has its own standalone list.