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
We welcome publication of the Government response to the Review of the Money Laundering Regulations 2007 and the further consultation on proposed changes to the Regulations.
In particular, we welcome the Government’s commitment to ensuring that the UK financial system is a hostile environment for money laundering and terrorist finance, while minimising the burden on business and maintaining the UK’s position internationally. We agree with the Government’s approach to this review which is based on assessing where the Regulations are working well and identifying areas for improvement.
Please read the full response via the link below.
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