Anti-Money Laundering Guidance

The JMLSG has recently released Part III to its anti-money laundering guidance entitled ‘Specialist Guidance’. Part III will include some existing material that the JMLSG feels does not sit comfortably within Parts I & II as well as including some new material.

Sections include guidance on equivalent jurisdictions and equivalent markets, compliance with the UK financial sanctions regime, transparency in electronic payments (wire transfers) and proliferation financing. As a consultative document, comments are welcomed; the consultation period ends 9 July.