BASEL COMMITTEE ASKS BANKING SUPERVISORS TO RE-ASSESS HOW BANKS FIGHT AML
March 1st, 2013
The Basel Committee on Banking Supervision is circulating a new consultative paper designed to bring its members - the world’s banking supervising authorities - up to speed on the latest thinking in the anti-money laundering sector. The committee specifically wants to support banking regulators’ and banks’ implementation of the new standards agreed by the Financial Action Task Force (FATF) in 2012. It is clear that the Basel committee is concerned the banking sector has been found wanting in its AML controls, especially during and after the global economic ...
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