The BBA is now integrated into UK Finance. Please go to www.ukfinance.org.uk for new content and updates from UK Finance.
Material published by BBA prior to 1st July 2017 is still available on this website.
From 1 July 2017, the finance and banking industry operating in the UK will be represented by a new trade association, UK Finance. It will represent around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation will take on most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association.x
UK anti-bribery legislation is the most comprehensive in the world, enhancing our reputation as one of the safest commercial environments in which to do business, so the British Bankers’ Association (BBA) is delighted to be publishing this updated guidance which we hope will act as an invaluable tool for helping our banking sector members navigate this complex area. The following document sets out the key issues for the UK industry to consider when it comes to meeting legal and regulatory requirements for preventing bribery and corruption.
It is vital that we continue to collaborate and share our experiences as legislation is tested in both a practical and legal sense. However, the BBA is also conscious that the anti-bribery responsibilities of banks do not end with the UK Bribery Act. Understanding regulatory expectations has also become of paramount importance. As an industry body, we remain committed to supporting members in their efforts to comply with both obligations.
The BBA recognises that in order to ensure the UK’s anti-bribery system is proportionate and effective, an on-going dialogue between the Government, regulators and the private sector will be essential. We will continue to proactively engage with the authorities on behalf of our members so that the views of the banking sector can inform future policymaking. I am grateful to the BBA Working Party on Anti-Bribery and Corruption, which has advised on the production of this updated document.
Read Justine Walkers ‘Helping banks tackle bribery and corruption‘ blog.
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