The Joint Money Laundering Steering Group has published amendments to its Guidance following its consultation launched on February 3, 2020. The revisions to the Guidance account for changes introduced by The Money Laundering and Terrorist Financing (Amendment) Regulations 2019, which came into force on January 10, 2020. The 2019 Regulations amend the existing Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 to incorporate changes arising from the EU's Fifth Anti-Money Laundering Directive.
The JMLSG's consultation on proposed new Guidance on how the U.K. Money Laundering Regulations apply to crypto-asset exchange providers and custodian wallet providers closed on May 18, 2020. The final new Guidance is still to be published.
The JMLSG is currently consulting on draft guidance on Pooled Client Accounts, with comments due by June 10, 2020.
View the June 2020 JMLSG Guidance.
View details of the JMLSG's consultation on pooled client accounts.
View details of the JMLSG's consultation on crypto-asset exchange provider and custodian wallet provider guidance.
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