The Joint Money Laundering Steering Group (JMLSG) published a consultation on proposed changes to its Wholesale Markets guidance.

Changes are proposed to Part II of the JMLSG Sectoral Guidance for Wholesale Markets (Sector 18) and concern the following sections:

  • Sectoral risks;
  • Customer due diligence, including simplified and enhanced due diligence; and
  • Product specific risks.

Feedback is invited on the proposed changes until 1st July 2024

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