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

The proposed revisions include the following:

  • A new paragraph 5.3.97A (relating to local authorities and professional deputies) and an amendment to paragraph 5.3.99.
  • New paragraphs 5.3.138A and B (relating to group companies).
  • A new paragraph and amendments to 5.6.36-5.6.38 (relating to an intermediary as an agent of the customer).
  • Amendments to paragraphs 2.16-2.21 and new paragraphs 2.22-2.24 (relating to outsourcing).

The relevant texts are available in marked up format under the Consultations tab.

Comments on the proposed revisions should be received by 28th March 2025.

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

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