Certified Anti-Money Laundering Specialist Certification (CAMS) Practice Exam 2026 - Free CAMS Practice Questions and Study Guide

The objective of the Joint Money Laundering Steering Group (JMLSG) in the UK is to promote good practices in countering money laundering. The JMLSG accomplishes this by providing guidelines and a framework for financial institutions and other regulated businesses to follow in order to ensure compliance with the UK's anti-money laundering (AML) regulations.

This is especially important as AML regulations can be complex and challenging to interpret. By offering a set of best practice guidelines, the JMLSG helps organizations identify and mitigate potential money laundering risks effectively. This proactive approach is crucial in fostering a culture of compliance and robust risk management within the financial sector.

By focusing on good practices rather than penalties or taxation guidelines, JMLSG ultimately aims to enhance the overall integrity and security of the financial system in the UK.