The Joint Money Laundering Steering Group: AML final guidance for consumer credit providers
Following consultation on 29 January 2014, on 11 March 2014 the Joint Money Laundering Steering Group’s (JMSLG’s) board approved the final guidance for consumer credit firms relating to their compliance with anti-money laundering (AML) obligations. This was published on 20 March 2014.
This amends the JMLSG’s AML and counter-terrorist financing (CTF) guidance for the financial services sector by inserting a new chapter 11a (consumer credit providers) into the sector-specific guidance in Part II and is produced in the context of the Financial Conduct Authority’s assumption of responsibility for supervising such firms’ compliance with the AML obligations from 1 April 2014.
The guidance has been amended to set out and clarify consumer credit providers’ duties for compliance with money laundering and terrorist financing risks. It also provides guidance on assessing the risk of money laundering and carrying out customer due diligence…
Click on the link below to read the rest of the Walker Morris briefing.
News from Walker Morris
News from The Lawyer
Briefings from Walker Morris
The Department of Energy & Climate Change has published the final allocation framework for the October 2014 contracts-for-difference allocation round.
The courts have decided a number of high-profile cases this summer in which retailers have been involved in intellectual property disputes.
Analysis from The Lawyer
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all
The law school war shows no signs of ending. But we have, perhaps, reached the end of the beginning.