Financial Crime

The EU presidency issues note on strategic AML/CFT priorities

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The Council of the European Union has published a presidency issues note on the EU’s strategic priorities on anti-money laundering and countering the financing of terrorism (AML/CFT), ahead of the ECOFIN meeting on 10 October 2019. The report highlights a number of issues to be addressed, including: differentiated implementation, with wide national discretion in framing …

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JMLSG guidance published updates for credit unions, asset finance and brokerage services to funds

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25 September 20189, the Joint Money Laundering Steering Group (JMLSG) received Treasury ministerial approval of its sectoral guidance material on Sector 4 (Credit unions), Sector 12 (Asset finance) and Sector 20 (Brokerage services to funds). The sectoral guidance makes up Part II of the JMLSG guidance for the UK financial sector, ‘Prevention of money laundering/combating terrorist …

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