JFSC HANDBOOK FOR THE PREVENTION AND DETECTION OF MONEY LAUNDERING AND THE FINANCING OF TERRORISM FOR FINANCIAL SERVICES BUSINESS REGULATED UNDER THE REGULATORY LAWS Part 4 Log of Amendments to the Handbook This part of the Handbook sets out the amendments applied as a consequence of changes to the Money Laundering Order and other relevant legislation and comments received […]

The Joint Money Laundering Steering Group (JMLSG) board has published for consultation the revised text of amendments proposed to its Money Laundering Guidance for the Financial Sector. This follows its recent review which focused on making the guidance clearer, particularly in relation to risk assessment and monitoring the effectiveness of systems and controls. Although the […]

The Joint Money Laundering Steering Group (JMLSG) has today published its proposed amendments to its Money Laundering Guidance as a result of its three-month long industry consultation. The proposed amendments include the following changes: • increased reference to international expectations; • references to the revised Financial Action Task Force recommendations relating to a risk-based approach; and • changes […]