On 19 March 2019, the Joint Money Laundering Steering Group (JMLSG) published the text of proposed revisions to part II of its guidance on the prevention of money laundering and the financing of terrorism for the UK financial services industry.

The proposed revisions impact two sectors, ‘credit unions’ (sector 4) and ‘brokerage services to funds’ (sector 20). The deadline for comments on the proposals is 18 April 2019.