Financial Crime Working Group - Of the 7 Financial Crime solutions, 5 have dedicated solution teams which are tasked with driving the next steps for the solution. These 5 solutions are:

1.  Payments Transaction Data Sharing and Analytics: Developing business requirements e.g. for the repository, the interfaces to participating FIs, the analytical skill sets; supporting near-term proof of concept activity; Defining and agreeing the governance arrangements; and designing the processes for build and procurement of full-scale solution.

2. Trusted KYC Data Sharing and Storage Repository: Defining business and functions requirements, approach to legal issues/ requirement, opportunity to harness existing initiatives/ services, and delivering procurement process and proof of concept

3. Financial Crime Intelligence Sharing: Establishing business requirements, developing technical approach and identifying and agreeing the ownership vehicle.

4. Technical and Governance Guidelines for Identity Verification, Authentication and Risk Assessment: Developing a precise scope for the first release of the Identity Guideline; engaging with stakeholders, and the right body to take over ownership for writing the guideline

5. Indirect Access Liability Models: reviewing current JMLSG guidelines and recommending areas for enhancement
Nature of Participation Activities Commitment required (Approx.)

Core Team

6-8 people representing a range of industry and Subject Matter Expert skills

Responsible for direction of the Solution and realising the goals of the Solution

  • Contribute at weekly calls to drive solution forwards

  • Attend solution workshops

  • Provide one on one input on specialised areas either through direct input into the requirements or review

  • Volunteer expertise and skills from resident organisations on a case by case basis

  • Able to attend workshops up to 1 day in length but typically 3 hours.

  • For one off cases able to provide input for the duration agreed

  • Typical requirement minimum 4 hours per week.

Delivery Team

Responsible for production of Solution Artefacts

  • Supporting the Core Solution Team in an advisory capacity or part of the Core Team

  • Development of solution artefacts on an as needed basis

  • Review of the various output prior to consultation with the larger community

  • 2 or more days a week

Subject matter advisors

  • Attend and contribute at the various workshops

  • Provide one on one input on specialised areas either through direct input into the requirements or review

  • Volunteer expertise and skills from resident organisations on a case by case basis

  • Able to attend workshops up to 1 day in length but typically 3 hours.

  • For one off cases able to provide input for the duration agreed

  • Typical requirement up to 4 hours per week.

Solution Feedback Groups

For people with specific interest in one of the solutions

  • Respond to requests for comment

  • Receive direct updates on the solution

  • As appropriate

  • Involvement will not be on a weekly basis

  • Attendance at information and feedback events may be required