On 21 December 2017, the Joint Money Laundering Steer Group published a revised version of its Guidance on the prevention of money laundering and the financing of terrorism for the U.K. financial services industry. This follows feedback to its November 2017 consultation on proposed amendments to its June 2017 Guidance.
Although the amended Guidance will only take over the "legal" status of the existing Guidance once it has been approved by a Treasury Minister, firms are free to use the provisions of the new Guidance immediately, if they wish to do so.
The current Guidance can be accessed here:
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