Anti-Bribery and Corruption

Following publication of BBA material to support banks to implement the new Bribery Act, the BBA is currently working with members on updated industry guidance. We are also working closely with international bodies such as the United Nations Office on Drugs and Crime.

Anti-Money Laundering

Our work is focused on UK, EU and international policy development. Key priorities for 2014 will include implementation of the 4th EU Money Laundering Directive, promoting reforms to the UK legislation for AML and dialogue with the FCA on financial crime matters. At a more practical level we are working with law enforcers to secure effective and efficient operational arrangements, particularly with the National Crime Agency.

Counter Fraud

Key areas of priority for counter fraud include follow up to FCA revies in this area and work with central Government to strengthen public/private partnership. We are also focusing specific attention on supporting the wholesale banking community to address the fraud risks to this segment of our membership.

Sanctions Compliance

Our priority focus is to develop a strategic view on the operational and practical issues arising from international and UK sanctions regimes and to establish effective relationships with those responsible for domestic and international policy development.