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 !!MOST IMPORTANT PART IN KYC & CDD - !!

🔍 What is JMLSG?  

It's an industry body of 15+ UK financial trade associations (like UK Finance). It tells banks HOW to practically follow the law.

✅ Why does it matter?

The FCA officially says: Firms that follow JMLSG guidance will be treated as compliant with UK Money Laundering Regulations 2017. 

It's FCA-approved.✅ Structure — 3 Parts:

Part 1: General guidance for all firms (risk, CDD, monitoring)

Part 2: Sector-specific — Retail banking, Private banking, Correspondent Banking, Wealth management

Part 3: Specialist — How to verify ID, what documents are acceptable, PEPs, etc.💡 Interview Gold:


Q: "Which regulations do you follow for CDD?"

A: "For UK operations, I refer to UK Money Laundering Regulations 2017, FCA Handbook (SYSC), and the detailed implementation is from JMLSG Guidance."This one line shows you know UK compliance inside-out, not just theory.


Have you been asked about JMLSG in your interview?




















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