The final version of the JMLSG Guidance Part III has been issued.
The consultation version was published in May with the consultation period ending 9 July (see Regulatory Roundup 14 for further details).Part III includes existing material which it was felt did not sit comfortably within Parts I & II as well as some new material.
We are advised that there have been no substantive changes to the consultation text save for some re-ordering of the text to improve clarity.
It is acknowledged that some changes will be required to reflect the Terrorist Asset Freezing etc. Bill which is expected to be passed before the end of the year.
