UK_FlagThe UK Joint Money Laundering Steering Group (JMLSG) has published proposed revisions to its guidance on the prevention of money laundering and the financing of terrorism for the UK financial services industry. The revisions reflect a number of factors, including the provisions of the proposed new Money Laundering Regulations published by HM Treasury on 15 March 2017; the creation of the UK Office of Financial Sanctions Implementation (OFSI); and changes to the guidance on a range of UK sanctions powers. Here are Part II and Part III of the consultation documents. Comments on the proposed revision are due 26 May 2017.