And the JMLSG Consultations Parts I & II end in October

Just because the UK AML Regs 2007 will be subject to review so, in the ever changing world of the joint Money Laundering Steering Group (JMLSG) notes parts I & II are out for consultation already.

You can find more details at the following:

Part I, closing date for comments October 9th 2009: http://www.jmlsg.org.uk/content/1/c6/01/64/34/JMLSG_GUIDANCE_-_cover_note_Jul_09_doc.pdf

Part II, closing date for comments October 21st October 2009: http://www.jmlsg.org.uk/content/1/c6/01/65/70/PART_II_-_Cover_note_to_consultation.pdf

In both cases, the JMLSG Board is looking at:

• areas of omission
• provisions of the Guidance that are difficult to implement or effect
• provisions of the guidance that no longer reflect current practice

So my advice is, get cracking and you MLRO's out there start looking to build time into your lives to amend your existing procedures accordingly.