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Consultations

17 November 2017

The Joint Money Laundering Steering Group (JMLSG) today publishes proposed further revisions to its Guidance on the prevention of money laundering and the financing of terrorism for the UK financial services industry.  The proposed further revisions reflect -

- some refinement of the Guidance to take account of some comments made by HM Treasury in the context of seeking Ministerial approval of the June 2017 text;

- the correction of a number of references in the text to take account of late changes made during the finalisation of the new Money Laundering Regulations, published by HM Treasury on 22 June 2017;

- reference to some provisions of the Criminal Finances Act 2017 which came into effect recently.

For the consultation version of Part I click here
For the consultation version of Part II (only sectors where changes proposed) click here
For the consultation version of Part III click here

Due to the relatively minor nature of the majority of the amendments, the Board has decided that comments on the proposed revisions should be received by 4 December 2017. These should be sent, electronically if possible, to david.swanney@jmlsg.org.uk

Or by post to: 

David Swanney
Joint Money Laundering Steering Group
5th Floor
One Angel Court
30 Throgmorton Street
LONDON EC2R 7HJ


10 June 2017

JMLSG revises its risk-based guidance on Electronic money in line with proposed new Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations

The Joint Money Laundering Steering Group (JMLSG) today publishes a proposed revision to Part II, Sector 3: Electronic money, in its Guidance on the prevention of money laundering and the financing of terrorism for the UK financial services industry. The proposed revisions reflect the provisions of the proposed new Money Laundering Regulations published by HM Treasury on 15 March 2017.

For the consultation version of Sector 3: Electronic money click here

In view of the fact that the material is of limited interest across the financial sector, and has only been revised to reflect the provisions of the proposed new Regulations, although with some reordering of the existing text, comments on the proposed revision are invited by 20 June 2017. These should be sent, electronically if possible, to David.Swanney@jmlsg.org.uk

Or to: David Swanney
Joint Money Laundering Steering Group
Pinners Hall
105/108 Old Broad Street
LONDON EC2N 1EX


9 May 2017

JMLSG revises Parts II and III of its risk-based Guidance in line with proposed new Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations

The Joint Money Laundering Steering Group (JMLSG) today publishes proposed revisions to Parts II and III of its guidance on the prevention of money laundering and the financing of terrorism for the UK financial services industry.  The proposed revisions reflect the provisions of the proposed new Money Laundering Regulations published by HM Treasury on 15 March 2017.  

The proposed revisions are also believed to be consistent with the Risk Factor Guidelines which are to be issued by the European Supervisory Authorities.  The final text of these Guidelines has not been published, but the JMLSG text reflects what was proposed in the ESA Consultation version published in October 2015, with some anticipation of possible changes that the ESAs will make. 

For the consultation version of Part II click here

For the consultation version of Part III click here

Comments on the proposed revision are invited by 26 May 2017. These should be sent, electronically if possible, to David.Swanney@jmlsg.org.uk

Or to: 
David Swanney
Joint Money Laundering Steering Group
Pinners Hall
105/108 Old Broad Street
LONDON EC2N 1EX

 
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