JMLSG Final Guidance Amendments Await HMT Approval

Key updates to the guidance include:

➡️ New paragraphs 5.3.138A and 5.3.138B, addressing specific customer due diligence scenarios;

➡️ Updates to paragraphs 5.3.97A and 5.3.99, refining guidance on verifying identity and risk assessment;

➡️ Amendments to paragraphs 5.6.36–5.6.38, covering ongoing monitoring and record-keeping obligations; and

➡️ Revisions to paragraphs 2.16–2.24, which relate to governance, oversight, and internal controls.

✅ Firms operating in the UK should review the pending changes and identify the controls affected by the updates, ensuring robust plans are in place for complying with the updated guidance following approval.

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