JMLSG consults on proposed updates to Part I of its AML/CFT Guidance, including changes to unusual transactions, bank insolvency exceptions and pooled client accounts – feedback until 29 June 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. It also updates guidance on persons acting on behalf of customers, including verification of authority under powers of attorney, with comments due by 29 June 2026…