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Updated 2020 JMLSG guidance takes account of amended Money Laundering Regulations 2017


On 1 June 2020, the Joint Money Laundering Steering Group (JMLSG) published the final amended versions of its 3 part anti-money laundering (AML) and counter-terrorist financing (CTF) guidance.

Part I, =

Part II =

Part III =

These versions of the guidance take account of the Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (SI 2019/1511), which came into force on 10 January 2020

The new chapter 22 for Part II, containing sectoral guidance relating to cryptoasset exchanges and custodian wallet providers, has not yet been finalised

The JMLSG advises that the amended versions of the guidance have been submitted to HM Treasury for approval.

In its press release, the JMLSG explains the Board-approved revisions take account of comments received to its February 2020 consultation - - although, there is now a summary of the comments received, nor what amendments were made as a result of the comments.