FIN.

JMLSG signposts Brexit effects

JMLSG has noted the parts of its guidance affected by Brexit. In particular:

  • EEA countries are now third countries;
  • the same level of information is to be provided by UK PSPs regardless of whether funds are being transferred to or from EEA or other third countries;
  • references to complying with ESA guidelines are no longer appropriate; and
  • firms generally need to consider the effectiveness of any country’s regime when determining what level of EDD to apply to respondents in that country.

 

Emma Radmore