Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

FCG 3.4 Sources of further information

FCG 3.4.1

1To find out more on anti-money laundering, see:

    1. • The Money Laundering Regulations

    2. The NCA’s website, which contains information on how to report suspicions of money laundering: www.nationalcrimeagency.gov.uk

    3. • The UK National risk assessment of money laundering and terrorist financing 2017- https://www.gov.uk/government/publications/national-risk-assessment-of-money-laundering-and-terrorist-financing-2017

    4. • The JMLSG’s guidance on measures firms can take to meet their anti-money laundering obligations, which is available from its website:www.jmlsg.org.uk .

FCG 3.4.2

1To find out more on countering terrorist finance, see:

  1. • Material relevant to terrorist financing that can be found throughout the JMLSG guidance: www.jmlsg.org.uk

  2. • The European Supervisory Authorities (ESAs) have published risk factors guidelines under Articles 17 and 18(4) of Directive (EU) 2015/849- https://www.eba.europa.eu/-/esas-publish-aml-cft-guidelines

  3. • FATF’s work on terrorist financing: http://www.fatf-gafi.org/publications/fatfgeneral/documents/terroristfinancing.html

FCG 3.4.3

1To find out more on customer payments, see:

  1. • Chapter 1 of Part III (Transparency in electronic payments (Wire transfers)) of the JMLSG’s guidance, which will be banks’ chief source of guidance on this topic: www.jmlsg.org.uk

  2. • The Basel Committee’s May 2009 paper on due diligence for cover payment messages: www.bis.org/publ/bcbs154.pdf

  3. • The Wolfsberg Group’s statement on payment standards: https://www.wolfsberg-principles.com/sites/default/files/wb/pdfs/wolfsberg-standards/1.%20Wolfsberg-Payment-Transparency-Standards-October-2017.pdf

  4. • Joint Guidelines to prevent terrorist financing and money laundering in electronic fund transfers- http://www.eba.europa.eu/-/esas-provide-guidance-to-prevent-terrorist-financing-and-money-laundering-in-electronic-fund-transfers

  5. • The Funds Transfer Regulation (EU Regulation 847/2015 on information on the payer accompanying transfers of funds): http://data.europa.eu/eli/reg/2015/847/oj

FCG 3.4.4

1To find out more on correspondent banking relationships see:

  1. • FATF Guidance on correspondent banking services (October 2016)- http://www.fatf-gafi.org/media/fatf/documents/reports/Guidance-Correspondent-Banking-Services.pdf

  2. • Basel Committee on Banking Supervision guidance “Sound management of risks related to money laundering and financing of terrorism: revisions” (updated July 2017) https://www.bis.org/bcbs/publ/d405.htm