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JMLSG publishes new Guidance on pooled client accounts and cryptoasset exchange providers

The Joint Money Laundering Steering Group (“JMLSG“) has today published two new pieces of Guidance. The Board approved text includes a new annex within Part I: Annex 5-V on Pooled Client Accounts, and a new sectoral piece within Part II: Sector 22 Cryptoasset exchange providers and custodian wallet providers. There is also a minor amendment to paragraph 5.3.53 within Part I.

The new text has been submitted to HM Treasury for approval. 

Amelia Green