High-Risk Countries

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 require the UK regulated sector to put in place policies and procedures in order to prevent activities related to money laundering and terrorist financing.

Regulated businesses, such as Company Service Providers, are also required to apply enhanced customer due diligence and enhanced ongoing monitoring in any business relationship with a person established in a high-risk third country or in relation to any relevant transaction where either of the parties to the transaction is established in a high-risk third country.

Please click here for the current list of "high risk" countries.