On 12 August 2022,  the Joint Money Laundering Steering Group (JMLSG) published revisions to Part II Sector 11 Annex 11- I. This is the Finance and Leasing Association standard for the prevention of financial crime and terrorist financing in motor finance credit application processing. Appendix 1 outlines common sales channels available for obtaining motor finance and identifies for each what evidence of identification (Know Your Customer) and verification of this evidence (Prove Your Customer) is required to meet the standard. The new text is available under the “Revisions” tab under “Guidance” on the JMLSG website, and has been submitted to HM Treasury for Ministerial approval.