The Joint Money Laundering Steering Group (JMLSG) has published final amendments to Parts I and II of its guidance on the prevention of money laundering and combating terrorist financing (AML/CTF).

The amendments were made following a consultation process in which seven respondents provided comments.

The guidance gives firms a degree of discretion in how they comply with AML/CTF legislation and regulations and the procedures they put in place for this purpose.

The guidance provides recommendations in relation to various sectors, such as motor finance, syndicated lending, asset finance and consumer credit providers.

The amended guidance has been submitted to HM Treasury for Ministerial approval.

Copies of the amended:

Part I  –  http://bit.ly/1yMCxC9

Part II – http://bit.ly/11Qs2n4