On 26 May 2023, the Joint Money Laundering Steering Group (JMLSG) published proposed revisions to Part 1 of its Guidance.

The proposed revisions take account of amendments relating to discrepancy reporting, as introduced by the Money Laundering and Terrorist Financing (Amendment) (No.2) Regulations 2022 (affecting Part 1 Chapter 5 Paragraph 5.3129A).

There is also a proposed amendment to Part 1 Chapter 5 Paragraph 5.3.89 relating to the mitigation of personal risk.

The deadline for comments on the proposed revisions is 26 June 2023.