Following an earlier consultation the Joint Money Laundering Steering Group (JMLSG) has published final guidance for money services businesses. The guidance has been submitted to HM Treasury for Ministerial approval.

Eight comments received in response to the consultation were reviewed and considered by the editorial panel and the JMLSG board. Many of the suggestions on drafting and clarifications were incorporated into the final guidance.

Although the new guidance will only have the legal status of the existing guidance once it has been approved by a Treasury Minister, firms are free to use the provisions of the new guidance immediately, if they wish to do so.

the related webpage are available. http://www.jmlsg.org.uk/industry-guidance/article/jmlsg-guidance-current