by Jyotsna Bucktowar | Jun 5, 2026
The Guidelines provide practical guidance on how firms should maintain up-to-date customer information, monitor transactions and activities, and identify unusual or suspicious behaviour throughout the lifecycle of a customer relationship. The draft adopts a risk-based...
by AdrianaAMLP | Jun 1, 2026
The consultation proposes revisions to Part I of the JMLSG Guidance, including clarification of “unusually” complex, large or patterned transactions, a new exception for opening accounts for UK insolvent bank customers, and revised treatment of pooled client accounts....
by Jyotsna Bucktowar | May 28, 2026
The draft Guidelines set out minimum requirements for firms to identify, assess and manage risks arising from their business models, customers, products, services, delivery channels and geographic exposure, while emphasising proportionality and firms’...
by Jyotsna Bucktowar | May 20, 2026
A key focus is whether the current rules remain appropriate given the rapid evolution of crypto markets, including new business models, technological innovation, and emerging risks such as market abuse, financial stability concerns, and cross-border regulatory...
by Jyotsna Bucktowar | May 12, 2026
The proposed revisions place stronger emphasis on transparency and risk mitigation by requiring financial intermediaries to gain a clearer understanding of customers’ ownership and control structures, particularly where complex legal entities or layered arrangements...
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