On 12 July 2022, there was published on legislation.gov.uk The Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) (No.2) Regulations 2022 together with an explanatory memorandum.

The Regulations amend the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the MLRs 2017) by substituting 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 2017) in Schedule 3ZA for a new list. The new list mirrors the updates made by the Financial Action Task Force to its lists following its June Plenary.