The Joint Money Laundering Steering Group (JMLSG) today publishes proposed amendments to its Guidance, which have been considered by the Editorial Panel and the Board. The proposed revisions take account of The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 which came into force on 10th January 2020, and reflect some refinement of the Guidance to improve clarity of other minor issues.
A new sector is being created in Part II to provide sector specific guidance for cryptoasset exchanges and custodian wallet providers. JMLSG hopes to publish this for consultation by the end of February.
The Consultation text of the relevant material within Parts I, II and III, showing the proposed amendments, is available in marked-up format and may be accessed under the “Consultations” tab.