The existence of JMLIT should shape how you think about your AML compliance obligations. It provides a live opportunity to work with the people who act on the intelligence you report. For starters, it makes the case for investing in your intelligence capabilities. If you’re relying solely on off-the-shelf monitoring rules and ticking regulatory boxes, you’re missing the chance to contribute meaningfully to one of the UK’s most active financial crime initiatives. The information shared through JMLIT is tactical and targeted. Your firm doesn’t need to catch everything – but when you do see something, you need to know what to do with it, who to tell, and how to tell them fast.

Being part of the JMLIT community also raises expectations. If your peers are flagging suspicious activity that’s leading to arrests and asset freezes, and you’re not, supervisors may start to ask why. The FCA won’t expect every business to contribute the same, but they are looking at how effectively firms are integrated into the UK’s broader anti-financial crime response. JMLIT is a major part of that response.

The taskforce also provides practical insights you can build into your own frameworks. Typologies shared through JMLIT often show up months later in supervisory guidance or thematic reviews. If you’re already plugged in, you can build controls and training around that intelligence before it becomes a formal expectation. 

 But, you don’t have to be a JMLIT member firm to feel the benefits. Much of the content, typology updates, and alerts are cascaded through trade bodies, supervisors, and industry groups.