JMLSG Guidance Part I – Consultation

JMLSG today publishes proposed revisions to Part I of its Guidance.

The proposed revisions take account of amendments relating to discrepancy reporting, as introduced by The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022 (affecting Part I Chapter 5 Paragraph 5.3.129A).

There is also a proposed amendment to Part I Chapter 5 Paragraph 5.3.89 relating to the mitigation of impersonation risk.

The relevant text is available in marked up format under the Consultations tab.

Comments on the proposed revisions should be received by 26th June 2023.

These should be sent to Carol Smit at caroljsmit@jmlsg.org.uk.