On 18 July 2019, the Joint Money Laundering Steering Group (JMLSG) announced its plans following the responses to the an earlier consultation on sectors 4 (Credit unions) and 20 (Brokerage services to funds) of Part II of its anti-money laundering (AML) and counter-terrorist financing (CTF) guidance for the financial services sector. The JMLSG states that the final board approved texts have been submitted to HM Treasury for approval, and it will publish a notification of approval on its website once received.

The JMLSG also mentions that work continues on preparing new guidance that will reflect changes in the Money Laundering Regulations (MLRs) due to be brought in based on the EU Fifth Money Laundering Directive. The finalisation and publication of new guidance is anticipated to be in line with the timing of the expected 10 January 2020 implementation of the MLRs.