Certain amendments to the Money Laundering, Terrorist Financing and Transfer of Funds (Information of the Payer) Regulations 2017 come into effect on 10th January 2019 (S.I.2018/1337) which will result in minor changes to the Guidance in Part I paragraphs 5.3.17 and 5.3.67. Regulation 29(6) (restrictions on anonymous accounts and passbooks) adds the restriction of anonymous safe-deposit boxes, and Regulation 29(7A) has been inserted to direct that customer due diligence measures be applied to all anonymous safe-deposit boxes in existence on 10th January 2019, and in any event before they are used.
Amendments to JMLSG Guidance
Certain amendments to the Money Laundering, Terrorist Financing and Transfer of Funds (Information of the Payer) Regulations 2017 come into effect on 10th January 2019