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Updated SRA Guidance on High-Risk Third Countries

Historically, HRTCs were defined by the European Union. Following Brexit, the UK adopted its own list under Schedule 3ZA of the Money Laundering Regulations 2017 (MLR 2017). This changed on 22 January 2024, when the definition was updated to align with the Financial Action Task Force (FATF) lists:

  • High-risk jurisdictions subject to a call for action
  • Jurisdictions under increased monitoring

These lists are updated every February, June, and October, and firms must apply enhanced due diligence (EDD) under Regulation 33 when dealing with clients established in these jurisdictions.

Why Historic Designations Matter

A country’s removal from the high-risk list does not mean the risk disappears. Past designations often indicate structural weaknesses that criminals can exploit. For example:

  • Lao PDR was high-risk from 2016 to 2020, removed, and then re-added in February 2025.
  • This demonstrates that jurisdictions can fall back into non-compliance.

Firms should review historic client relationships and transactions involving previous HRTCs as part of ongoing monitoring under Regulation 28(11).

Find the full SRA guidance as of 4 December 2025 here.

Historic High-Risk Third Countries Table as of 4 December 2025

CountryCurrent HRTC?Date AddedDate Removed
AfghanistanNo23 Sep 201626 Mar 2021
AlbaniaNo26 Mar 202105 Dec 2023
AlgeriaYes25 Oct 2024
AngolaYes25 Oct 2024
The BahamasNo01 Oct 202026 Mar 2021
BarbadosNo01 Oct 202023 Feb 2024
BoliviaYes13 Jun 2025
Bosnia and HerzegovinaNo23 Sep 201609 Jul 2020
BotswanaNo01 Oct 202002 Nov 2021
British Virgin IslandsYes13 Jun 2025
BulgariaYes05 Dec 2023
Burkina FasoNo26 Mar 202124 Oct 2025
CambodiaNo01 Oct 202027 Jun 2023
CameroonYes05 Dec 2023
Cayman IslandsNo26 Mar 202105 Dec 2023
Cote D’IvoireYes25 Oct 2024
CroatiaNo05 Dec 202313 Jun 2025
Democratic Republic of CongoYes15 Nov 2022
EthiopiaNo13 Feb 201809 Jul 2020
GhanaNo01 Oct 202013 Jul 2021
GibraltarNo12 Jul 202223 Feb 2024
GuyanaNo23 Sep 201609 Jul 2020
HaitiYes13 Jul 2021
IranYes23 Sep 2016
IraqNo23 Sep 201626 Mar 2021
JamaicaNo01 Oct 202028 Jun 2024
JordanNo02 Nov 202105 Dec 2023
KenyaYes23 Feb 2024
Lao PDRYes23 Sep 2016 / Re-added 21 Feb 202509 Jul 2020
LebanonYes25 Oct 2024
MaliNo02 Nov 202113 Jun 2025
MaltaNo13 Jul 202112 Jul 2022
MauritiusNo01 Oct 202002 Nov 2021
MonacoYes28 Jun 2024
MongoliaNo01 Oct 202007 Feb 2021
MoroccoNo26 Mar 202127 Jun 2023
MozambiqueNo15 Nov 202224 Oct 2025
MyanmarYes01 Oct 2020
NamibiaYes23 Feb 2024
NepalYes21 Feb 2025
NicaraguaNo01 Oct 202015 Nov 2022
NigeriaNo05 Dec 202324 Oct 2025
North KoreaYes23 Sep 2016
PakistanNo22 Oct 201815 Nov 2022
PanamaNo01 Oct 202005 Dec 2023
PhilippinesNo13 Jul 202121 Feb 2025
SenegalNo26 Mar 202125 Oct 2024
South AfricaNo05 Dec 202324 Oct 2025
South SudanYes13 Jul 2021
Sri LankaNo06 Mar 201809 Jul 2020
SyriaYes23 Sep 2016
TanzaniaNo15 Nov 202213 Jun 2025
Trinidad and TobagoNo06 Mar 201826 Mar 2021
TunisiaNo06 Mar 201809 Jul 2020
TurkeyNo02 Nov 202128 Jun 2024
UgandaNo23 Sep 201623 Feb 2024
United Arab EmiratesNo29 Mar 202223 Feb 2024
VanuatuNo23 Sep 201626 Mar 2021
VenezuelaYes28 Jun 2024
VietnamYes05 Dec 2023
YemenYes23 Sep 2016
ZimbabweNo01 Oct 202029 Mar 2022

Best Practice for Firms

To stay compliant and mitigate risk:

  • Monitor transactions involving previous HRTCs
  • Apply a risk-based approach to overseas transactions
  • Update policies regularly in line with FATF changes