Ghana amongst 21 countries placed on high-risk money laundering list

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The United Kingdom (UK) government has included Ghana on a list of 21 high-risk countries with unsatisfactory money laundering and terrorist financing controls.

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Ghana and twenty (20) other countries have had their names 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.

Per the post on Graphiconline, the following countries have all been placed on a high-risk money laundering list.

In alphabetical order, the countries are Albania, Barbados, Botswana, Burkina Faso, Cambodia, Cayman Islands, Democratic People’s Republic of Korea, Pakistan, 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.

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Kpakpohttps://ghbase.com/
I'm an award-winning Ghanaian blogger. I lurk in your shadows and prick your conscience with my modus operandi. Ultimately, I thrill you with my out of the box reportage.

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