On 14 February, Out-Law published an article about draft guidance published by the Joint Money Laundering Steering Group (JMLSG), an influential body that brings together a number of trade associations active in the UK financial services sector.  It says that existing JMLSG guidance already recognises the potential role for digital ID checks in AML compliance, and the proposed amendments that have been opened up to consultation elaborate this further.  In particular, they set out criteria firms should refer to when engaging digital identity verification providers.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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