JMLSG today publishes proposed amendments to Part I of its Guidance. The proposed revisions take account of The Money Laundering and Terrorist Financing (Amendment) (High-risk Countries) Regulations 2022 and The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022.
The following text will be affected and is available in marked up format under the Consultations tab:
- Paragraph 5.5.11 and Annex 5-IV – as relating to high-risk third countries (HRTC) EDD.
- Paragraph 5.3.129A and paragraphs 5.3.258-5.3.282 – as relating to trusts.
- Chapters 4 and 7 – as relating to proliferation financing.
Comments on the proposed revisions should be received by 17th October 2022.
These should be sent to Carol Smit at firstname.lastname@example.org.