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
This paper is a collaborative effort by the British Bankers’ Association, the Disasters Emergency Committee and Freshfields Bruckhaus Deringer ll
The crisis in Syria prompted the UK’s largest ever response to a humanitarian crisis, but despite the millions of pounds donated, money is having to overcome many hurdles to reach those in need. Over £23million has been raised by the Disasters Emergency Committee (DEC) in response to the conflict, with the UK government committing a further £500million to support aid efforts, but extensive sanctions and risk management issues are creating complex problems for the UK banks and humanitarian agencies as both struggle to get help through to Syrian families.
This paper provides background information and practical tips on how banks and humanitarian agencies can work together to ensure aid can reach civilians in need of assistance in and around Syria in compliance with UK, EU and US sanctions
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