Financial Services Compliance Blog - Thistle Initiatives

Consultation on cryptoasset transfers now closed

Written by Jessica Cath | Aug 31, 2023 8:24:43 AM

Update

The Joint Money Laundering Steering Group (JMLSG) recently published proposed amendments to Sector 22 in Part II of its Guidance (Cryptoasset providers and custodian wallet providers) and opened a consultation, which has since closed.

The proposed addition of Annex I to Sector 22 took account of amendments relating to cryptoasset transfers, as introduced by The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022.

Links: https://www.jmlsg.org.uk/consultations/consultation-cryptoasset-transfers/

https://www.jmlsg.org.uk/wp-content/uploads/2023/07/JMLSG-Guidance_Sector-22-Annex-I_Board-approved-1.pdf