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Springfield Public Schools James Caldwell Elementary School Thelma L. Sandbar Elementary School Springfield, New Jersey 07081 Dear Parents/Guardians & Students, With the start of the new school year,
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J J M C stands for Joint Money Laundering Steering Group. It is a guidance issued by the UK financial sector to combat money laundering and terrorist financing.
Financial institutions and regulated entities are required to follow the guidance provided in J J M C.
J J M C provides detailed instructions on how to identify and mitigate money laundering and terrorist financing risks.
The purpose of J J M C is to provide a framework for financial institutions to prevent and detect money laundering and terrorist financing activities.
Financial institutions are required to report suspicious activities, conduct customer due diligence, and implement risk-based approach as per J J M C guidance.
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