JMSLG receives ministerial approval for revisions to Part II Sector 22 of its guidance (cryptoasset providers and custodian wallet providers)

he new guidance relates to the provisions of The Money Laundering Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs) that implement the Travel Rule for cryptoasset transfers in the UK. The new obligations per Regulations 64A-64H come into effect on 1 September 2023.