United Kingdom (and EU regulation)

JMLSG publishes revision to Part 1 Paragraph 5.3.85 of its guidance

By Haney Saadah and Simon Lovegrove (UK) on August 1, 2023 Posted in Money laundering, United Kingdom

On 1 August 2023, the Joint Money Laundering Steering Group (JMLSG) announced a revision to Part 1 Paragraph 5.3.89 of its guidance. The revision has been submitted to HM Treasury for Ministerial approval. Part 1 Paragraphs 5.3.85 to 5.3.91 cover customer due diligence – private individuals – mitigation of impersonation risk.