Text for Terms & Conditions
T's & C's: Anti-money Laundering
- Change date
- 15/05/2024
- Word count
- 128
- Deployment measure
- 9/10
Rationale
Specific wording referencing adherence to the Joint Money Laundering Steering Group. In particular it addresses pooled client accounts and disclosure obligations. Rarely included by firms in their Terms, but important nevertheless.
The anti-money laundering guidance which UK banks and other financial services firms must adhere to is issued by the Joint Money Laundering Steering Group (“JMLSG”). The JMLSG considers all clients
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