Further amendments to JMLSG Guidance

After reviewing comments received on the consultation version of amendments to its June 2017 Guidance, published in November, JMLSG today publishes revised versions of its June 2017 Guidance, which have been submitted to HM Treasury for Ministerial approval.

JMLSG has confirmed the proposed amendments published in November, subject to further amendment to Part I, paragraph 6.15, and has made a number of minor editorial amendments to Part I, paragraph 1.20, and Part II, sector 16: Correspondent relationships.

Although the amended Guidance will only take over 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 current Guidance is here -

pdf Part I
pdf Part II
pdf Part III

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