Joint Money Laundering Steering Group Guidance Notes


The Joint Money Laundering Steering Group is made up of the leading UK Trade Associations in the Financial Services Industry. Its aim is to promote good practice in countering money laundering and to give practical assistance in interpreting the UK Money Laundering Regulations. This is primarily achieved by the publication of Guidance Notes which have quasi-legislative status and are utilised by the FSA in their anti-money laundering dealings.

The purpose of these Guidance Notes is to:

Outline the requirements of the UK money laundering legislation.

Provide a practical interpretation of the Regulations.

Set out the requirements of the FSA Money Laundering Rules, Evidential Provision and Guidance.

Provide an indication of good generic industry practice.

Provide a base from which management can develop tailored policies and procedures that are appropriate to their business.