JMLSG publishes Part III Guidance: Following its consultation in May, JMLSG has now published Part III of its Guidance for firms, which its board has approved. The Guidance is little changed from the consultation version and moves some existing parts of JMLSG Guidance in addition to introducing sections on financial sanctions, Counter-Terrorism Act and proliferation finance compliance. JMLSG says it will need to amend the new Guidance when the Terrorist Asset Freezing Bill becomes law but did not want to hold back the Guidance until then. The parts of the Guidance on wire transfers and CTA directions have been approved by Treasury.