The Joint Money Laundering Steering Group (JMLSG) has received approval from HM Treasury (HMT) for its guidance on money services businesses   In the final approval process minor changes were made to the guidance. Copies of the approved guidance:  http://bit.ly/1rAKHxp press release:  http://bit.ly/1rAKHxp

JMLSG has published its final guidance for money services businesses (MSBs) as customers of banks. It has submitted the guidance to Treasury for approval. (Source: JMLSG Finalises MSB Guidance) http://www.jmlsg.org.uk/industry-guidance/article/jmlsg-guidance-current

Following an earlier consultation the Joint Money Laundering Steering Group (JMLSG) has published final guidance for money services businesses. The guidance has been submitted to HM Treasury for Ministerial approval. Eight comments received in response to the consultation were reviewed and considered by the editorial panel and the JMLSG board. Many of the suggestions on […]

FCA has published its 2012/2013 annual AML report. The report summarises enforcement action and the findings of the thematic reviews of banks’ management of high money laundering risk situations and banks’ control of financial crime risks in trade finance. It then goes on to list the current trends and emerging risks that FCA is helping […]