The Joint Money Laundering Steering Group (JMLSG) has published its final guidance for money service businesses (MSBs) as customers of banks. The JMLSG has also published a marked-up version of the text showing the changes made since its earlier consultation.
The JMLSG states that the new guidance will only have the same legal status as other JMLSG guidance once it has been approved by HM Treasury. However, firms are free to use the new guidance immediately, if they wish to do so.
View Guidance in respect of money service businesses, 28 May 2014
View Guidance for money service businesses (as customers of banks), 30 May 2014