10th January 2011

BBA response to the FATF Review of the Standards

The BBA supports strongly the FATF decision that, in line with good practice, it should re-examine its standards periodically to ensure that they remain relevant and consistent with the implementation and evaluation of the current standards.

It is particularly welcome too that the FATF is carrying out this public consultation involving the private sector and indeed all stakeholders. The BBA’s members are at the forefront of the UK’s endeavours to combat money laundering and terrorist financing, they have extensive practical knowledge and they deploy sophisticated systems to make sure that their compliance is of the highest quality.

Please read our full response via the link below.