The Joint Money Laundering Steering Group (“JMLSG”) has published proposed revisions to Part II of its Guidance for the UK Financial Sector on cryptoasset transfers by way of a consultation document.

The proposed revisions to Annex 22-I on Cryptoassets Transfers: (‘Travel Rule’), relate to the provisions of the Money Laundering Regulations (“MLRs”) that implement the travel rule for cryptoassets in the UK, and must be read in conjunction with the guidance set out in Part II Sector 22.

The JMLSG invites comments on the proposed revisions which should be received by 25th August 2023.

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