UK Joint Money Laundering Steering Group Publishes Revised AML/CTF Guidance For Asset Finance and Syndicated Lending
05/17/2018The U.K. Joint Money Laundering Steering Group has finalized minor changes to Part II of its anti-money laundering and counter-terrorist financing guidance in relation to two sectors, namely asset finance and syndicated lending.
The JMLSG consulted on the proposed changes in a consultation that closed on March 30, 2018. The revisions do not make substantive changes to the existing guidance. Instead, the revised guidance provides clarification on the workings of these two sectors, how to identify customers and how risks should be assessed.
View the JMLSG announcement.
View details of the JMLSG consultation.