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
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.
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