Basel Committee updates advice on anti-money laundering practices


The Basel Committee on Banking Supervision has published updated advice on anti-money laundering (AML) and combating terrorist financing (CFT) best practice.

The consultative document, released today, gives recommendations for AML/CFT risk management for banks, banking groups and supervisors. The Bank for International Settlements suggests that recent "robust enforcement action" taken against a number of banks for AML failings "could probably have been avoided had the banks maintained effective

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: