The Joint Money Laundering Steering Group (JMLSG) today publishes proposed revisions to two of the sectors in Part II of its Guidance on the prevention of money laundering and the financing of terrorism for the UK financial services industry. The proposed revisions, to sector 4: Credit unions, and sector 20: Brokerage services to funds, seek to describe in more current terms how to assess the risks in the sectors and how to identify who the customers are.
The proposed revised text is available here:
The Board has decided that comments on the proposed revisions should be received by 18th April 2019.
These should be sent, in electronic or written form, to Carol Smit at:
or by post to:
The Joint Money Laundering Steering Group
5th Floor, 1 Angel Court
London EC2R 7HJ