On 27 June 2023, HM Treasury published the Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) Regulations 2023, a statutory instrument (SI) amending the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLRs).

The SI substitutes the list of high-risk third countries (in respect of which extra customer due diligence measures must be taken by relevant persons under the MLRs) in Schedule 3ZA of the MLRs for a new list. The new list removes two countries, Cambodia and Morocco, which are no longer classed as high-risk third countries for the purposes of enhanced customer due diligence requirements in regulation 33(1).