On 16 September 2022, the Joint Money Laundering Steering Group (JMLSG) published proposed amendments to part 1 of its guidance. The proposed revisions take account The Money Laundering and Terrorist Financing (Amendment)(High-risk Countries) Regulations 2022 and The Money laundering and Terrorist Financing (Amendment)(No.2) Regulations 2022.
The following text will be affected:
- Paragraph 5.5.11 and Annex 5-IV-as relating to high-risk countries (HRTC) EDD.
- Paragraph 5.3.129A and paragraphs 5.3.258-5.3.282- as relating to trusts.
- Chapters 4 and 7 – as relating to proliferation financing.
Comments on the proposed revisions should be received by 17 October 2022.