The Joint Money Laundering Steering Group (JMLSG) has published a paper setting out the basis on which it carries out reviews of its guidance. Reviews and publication of those reviews occur:
- every two years, as a whole, to ensure that the guidance remains up-to-date and relevant;
- when relevant parts of its guidance require amendments;
- whenever there is a change in legislation or regulation that affects subject areas of the guidance and the JMLSG’s work; and
- in response to other external events or developments that may merit a consideration as to whether the guidance remains up to date and relevant.
View Basis of reviewing guidance, 12 May 2014