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Further amendments to JMLSG Guidance

21 November 2014

After reviewing comments received on the consultation version of amendments to its Guidance published in July and October, JMLSG today publishes final amendments to Parts I and II of its Guidance, which have been submitted to HM Treasury for Ministerial approval.

pdf Part I
pdf Part II

Comments were received from seven respondents. Generally, the proposed amendments were supported, but a number of clarificatory and other minor changes suggested by respondents have been incorporated. No comments were received on the proposed Part II amendments published in July, nor on the proposed revised guidance in sector 13: Private equity published in October. Cross references throughout the Guidance have been updated to reflect current law and regulation, and to be internally consistent.

A version of the amended Part I Guidance, marked up from the consultative version, is available here.


Guidance on private equity

29 October 2014

The JMLSG Board today publishes for comment proposed revised Guidance on Private equity.

The Consultation text is available here.

JMLSG welcomes comment on the proposed revision to its Money Laundering Guidance.  Comments may be made in hard copy or electronic form, and should be sent to:

David Swanney
Joint Money Laundering Steering Group
Pinners Hall
105/108 Old Broad Street
LONDON EC2N 1EX
David.Swanney@jmlsg.org.uk

Comments should be received by 12 November 2014


Ministerial Approval of the JMLSG guidance re Consumer Credit Providers

27 August 2014

The JMLSG has received Treasury Ministerial approval for its guidance material on consumer credit providers. The letter of approval is here.

In the final approval process, minor changes were made to the wording of paragraphs 4 and 10. The final, approved Guidance is available here.


Ministerial Approval of the JMLSG guidance re MSBs

21 July 2014

The JMLSG has received Treasury Ministerial approval for its guidance material on MSBs as customers of banks. The letter of approval is here.

In the final approval process, minor changes were made to the wording of paragraphs 1A41, 1A.43 and Annex 1A.1. The final, approved Guidance is available here.


Guidance for Money service businesses (as customers of banks)

30 May 2014

After reviewing comments received on the consultation version published on 31 March, JMLSG today publishes final Guidance for Money services businesses (as customers of banks), which has been submitted to HM Treasury for Ministerial approval. Eight comment letters were received, and these were considered and reviewed by the Editorial Panel and JMLSG Board, and many of the suggested drafting and clarificatory amendments were made.

Although the new Guidance will only have 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.

Please click here for the final text. A copy of the final guidance marked up for changes from the consultation draft is available here.


Guidance for Consumer Credit Providers

20 March 2014

After reviewing comments received on the consultation text published on 29 January, the JMLSG Board has approved final Guidance for Consumer credit providers.

Please click here for the final text.


Further amendments to 2007 Guidance

6 December 2013

After reviewing comments received on the consultation version of amendments to its Guidance published in July, JMLSG today publishes final amendments to its December 2007 Guidance, which have been submitted to HM Treasury for Ministerial approval.

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.

Read more


JMLSG receives HM Treasury approval for the 2011 amendments to Parts I and II of its Guidance

19th September

JMLSG has received confirmation of HM Treasury approval of the amendments made to Parts I and II of the Guidance in 2011.

See letter here.


Electronic money guidance (18 April 2012)

After reviewing comments received on the consultation text published on 29 February, the JMLSG Board today approved revised Guidance on Electronic money. As previously reported, the December 2007 material has been revised principally to reflect the provisions of the Electronic Money Regulations 2011.

Please click here for the final text

The revised, final text has also been incorporated into the Part II file that is available below.


Further amendments to 2007 Guidance

After reviewing comments received on the consultation version published in September, JMLSG today publishes final amendments to its December 2007 Guidance, which have been submitted to HM Treasury for Ministerial approval.

Although the new 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.

Click here for Guidance

The amendments proposed in September have been broadly confirmed, and a number of additional, relatively minor amendments have been made. Versions of the revised Parts marked up from the consultative version, are available Part I, Part II & Part III


Access to JMLSG Guidance in electronic format

JMLSG has licensed its Guidance to the following organisations who publish reference material in electronic format:

  • Thomson Reuters
  • Lexis Nexis Butterworths

Any other organisation wishing to offer the Guidance in electronic format is invited to contact JMLSG.

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