The Joint Money Laundering Steering Committee Group (JMLSG) has published the final amendments to Part I and Part II of its guidance on "Prevention of money laundering/combating terrorist financing: Guidance for the UK financial sector", following a review of the proposed amendments to Part I in August and Part II in September 2009.
The amendments proposed in August 2009 to Part I of the Guidance have been broadly established with a number of minor amendments. In relation to Part II of the Guidance, further changes have been made to sector guidance 15 and 20. The text of sector guidance A has also been re-instated into Part II, pending the development of a new Part III, which is expected to contain this sector guidance and other texts. The Guidance has been submitted to HM Treasury for Ministerial approval.