The Joint Money Laundering Steering Group (JMLSG) today publishes final revisions to Sector 22 (Cryptoasset providers and custodian wallet providers) in Part II of its Guidance. This includes a new Annex I to Sector 22 relating to cryptoasset transfers. The new guidance relates to the provisions of The Money Laundering Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs) that implement the Travel Rule for cryptoasset transfers in the UK. The new obligations per Regulations 64A-64H come into effect on 1 September 2023.
The text is available under the “Revisions” tab under “Guidance”, and has been submitted to HM Treasury for Ministerial approval.