20th September 2011

BBA response to the 2nd consultation on the review of the FATF Standards

The BBA welcomes the opportunity to provide further input into the FATF review of the 40 + 9 Standards.

This second FATF Consultation Paper sets out a series of proposals for amendments to the Standards, based on the key issues highlighted in the first phase of the Consultation. The precise changes to the text of the 40 + 9 Standards that are being considered are not provided in this current FATF paper. This BBA response therefore provides an initial view on the broad proposals. We stress the need for further consultation with the private sector on the detailed drafting amendments being considered, including at the Private Sector Consultative Forum later this year.

Please read our full response via the link below.