On September 25, the Joint Money Laundering Steering Group (JMLSG) announced on its website that HM Treasury has approved revisions to three chapters in Part II of the JMLSG’s anti-money laundering and counter-terrorist financing sectoral guidance. The amended guidance relates to credit unions (section 4), asset finance (section 12) and brokerage services to funds (sector […]

On 9 May 2017, the Joint Money Laundering Steering Group (JMLSG) published the following for consultation: A revised version of Part II of its anti-money laundering (AML) and counter-terrorist financing (CTF) guidance (dated 10 May 2017). This Part consists of industry-specific chapters dealing with particular issues faced by a range of sub-sectors of the financial […]

On 21 March 2017, the Joint Money Laundering Steering Group (JMLSG) published proposed revisions to Part I of its guidance on the prevention of money laundering and the financing of terrorism for the UK financial services industry. The revisions are set out in the following marked-up versions (all dated 14 March 2017): Chapters 1-3 (Senior […]

On 16 March 2017, the FCA published a guidance consultation on the treatment of politically exposed persons (PEPs) under the proposed Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (GC17/2). Click Here To See FCA – guidance consultation:  http://bit.ly/2nMfNTm Background: HM Treasury published the draft regulations for consultation on […]