http://www.bis.org/list/bcbs/tid_32/index.rss Publications and updates by the Basel Committee on Banking Supervision (BCBS), including on topics related to the Basel II Framework and its implementation. Money laundering and terrorist financing en http://www.bis.org/publ/bcbs275.htm Abstract of "Sound management of risks related to money laundering and financing of terrorism", January 2014 The Basel Committee on Banking Supervision has issued a set of guidelines to describe how banks should include risks related to money laundering and financing of terrorism within their overall risk management framework Sound management of risks related to money laundering and financing of terrorism 2014-01-15T15:00:00Z The Basel Committee on Banking Supervision has issued a set of guidelines to describe how banks should include risks related to money laundering and financing of terrorism within their overall risk management framework. Prudent management of these risks, together with effective supervisory oversight, is critical in protecting the safety and soundness of banks as well as the integrity of the financial system. Failure to manage these risks can expose banks to serious reputational, operational, compliance and other risks. Sound management of risks related to money laundering and financing of terrorism 2014-01-15T15:00:00Z BIS FATF AML/CFT CDD criminal activities PDF version http://www.bis.org/publ/bcbs275.pdf January 2014 Bank for International Settlements: BCBS Publications 275 http://www.bis.org/publ/bcbs252.htm Abstract of "Sound management of risks related to money laundering and financing of terrorism - consultative document", June 2013 In February 2012, the Financial Action Task Force (FATF) released a revised version of the International Standards on Combating Money Laundering and the Financing of Terrorism and Proliferation (the FATF standards), to which the Committee provided input. The Committee's intention in issuing this consultative paper is to support countries' implementation of the FATF standards with respect to their banks and banking groups, by exploring complementary areas and ... Sound management of risks related to money laundering and financing of terrorism - consultative document 2013-06-27T08:00:00Z The Basel Committee has a long-standing commitment to promote the implementation of sound policies and procedures to combat money laundering (ML) and the financing of terrorism (FT). Its commitment to combating ML and FT is fully aligned with its mandate to strengthen the regulation, supervision and practices of banks worldwide with the purpose of enhancing financial stability. Prudent management of risks related to ML and FT along with effective supervisory oversight are critical in protecting the safety and soundness of banks and the integrity of the international financial system. The inadequacy or absence of sound management can increase the exposure of banks to serious risks, especially reputational, operational, compliance and concentration risks. Recent developments, including robust enforcement actions taken by regulators and the corresponding direct and indirect costs incurred by banks due to their lack of diligence in applying appropriate risk management policies, procedures and controls, have highlighted those risks. These costs and damage could probably have been avoided had the banks maintained effective risk-based policies and procedures to protect against risks arising from ML and FT. In February 2012, the Financial Action Task Force (FATF) released a revised version of the International Standards on Combating Money Laundering and the Financing of Terrorism and Proliferation (the FATF standards), to which the Committee provided input. The Committee's intention in issuing this consultative paper is to support countries' implementation of the FATF standards with respect to their banks and banking groups, by exploring complementary areas and leveraging the expertise available in both organisations. Therefore, these guidelines are intended to be ... Sound management of risks related to money laundering and financing of terrorism - consultative document 2013-06-27T08:00:00Z BIS FATF CDD criminal activities PDF version http://www.bis.org/publ/bcbs252.pdf June 2013 Bank for International Settlements: BCBS Publications 252 http://www.bis.org/publ/bcbs154.htm Abstract of 'Due diligence and transparency regarding cover payment messages related to cross-border wire transfers - final paper', May 2009 Due diligence and transparency regarding cover payment messages related to cross-border wire transfers - final paper 2009-05-11T22:00:00Z Due diligence and transparency regarding cover payment messages related to cross-border wire transfers - final paper 2009-05-11T22:00:00Z BIS cover payments payment messages wire transfers anti-money laundering counter-terrorist financing PDF version http://www.bis.org/publ/bcbs154.pdf May 2009 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs139.htm Abstract of 'Due diligence and transparency regarding cover payment messages related to cross-border wire transfers - consultative paper', July 2008. Due diligence and transparency regarding cover payment messages related to cross-border wire transfers - consultative paper 2008-07-16T22:00:00Z Due diligence and transparency regarding cover payment messages related to cross-border wire transfers - consultative paper 2008-07-16T22:00:00Z BIS cover payments AML/CFT wire transfer payment messages PDF version http://www.bis.org/publ/bcbs139.pdf July 2008 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/joint11.htm Abstract of Joint Forum report on 'Initiatives by the BCBS, IAIS and IOSCO to combat money laundering and the financing of terrorism - Update ', January 2005. Initiatives by the BCBS, IAIS and IOSCO to combat money laundering and the financing of terrorism - Update 2004-12-31T23:00:00Z Initiatives by the BCBS, IAIS and IOSCO to combat money laundering and the financing of terrorism - Update 2004-12-31T23:00:00Z BIS money laundering financing of terrorism PDF version http://www.bis.org/publ/joint11.pdf January 2005 Bank for International Settlements: BCBS Publications 11 http://www.bis.org/publ/bcbs101.htm Abstract of the Basel Committee on Banking Supervision on 'Consolidated KYC Risk Management - consultative document' (Basel Committee Publications No. 101 - August 2003) Consolidated KYC Risk Management - consultative document 2003-08-19T22:00:00Z Consolidated KYC Risk Management - consultative document 2003-08-19T22:00:00Z BIS Know your customer PDF version http://www.bis.org/publ/bcbs101.pdf August 2003 Bank for International Settlements: BCBS Publications 101 http://www.bis.org/publ/joint05.htm Abstract of Joint Forum publication 'Initiatives by the BCBS, IAIS and IOSCO to combat money laundering and the financing of terrorism', June 2003. Initiatives by the BCBS, IAIS and IOSCO to combat money laundering and the financing of terrorism 2003-06-11T22:00:00Z Initiatives by the BCBS, IAIS and IOSCO to combat money laundering and the financing of terrorism 2003-06-11T22:00:00Z BIS money laundering financing of terrorism PDF version http://www.bis.org/publ/joint05.pdf June 2003 Bank for International Settlements: BCBS Publications 5 http://www.bis.org/publ/bcbs85annex.htm General Guide to Account Opening and Customer Identification 2003-02-11T23:00:00Z General Guide to Account Opening and Customer Identification 2003-02-11T23:00:00Z BIS due diligence KYC customer due diligence customer February 2003 Bank for International Settlements: BCBS Publications 85 http://www.bis.org/publ/bcbs94.htm Abstract of "Parallel-owned banking structures" (Basel Committee Publications No. 94 - January 2003) Parallel-owned banking structures 2003-01-23T23:00:00Z Parallel-owned banking structures 2003-01-23T23:00:00Z BIS Parallel-owned banks PDF version http://www.bis.org/publ/bcbs94.pdf January 2003 Bank for International Settlements: BCBS Publications 94 http://www.bis.org/publ/bcbs89.htm Sharing of financial records between jurisdictions in connection with the fight against terrorist financing 2002-04-16T22:00:00Z Sharing of financial records between jurisdictions in connection with the fight against terrorist financing 2002-04-16T22:00:00Z BIS terrorist funding terrorists cross-border banking PDF version http://www.bis.org/publ/bcbs89.pdf April 2002 Bank for International Settlements: BCBS Publications 89 http://www.bis.org/publ/bcbs85.htm Customer due diligence for banks - final document 2001-10-03T22:00:00Z Customer due diligence for banks - final document 2001-10-03T22:00:00Z BIS KYC Know your customer PDF version http://www.bis.org/publ/bcbs85.pdf October 2001 Bank for International Settlements: BCBS Publications 85 http://www.bis.org/publ/bcbs77.htm Customer due diligence for banks - consultative document 2001-01-30T23:00:00Z Customer due diligence for banks - consultative document 2001-01-30T23:00:00Z BIS PDF version http://www.bis.org/publ/bcbs77.pdf January 2001 Bank for International Settlements: BCBS Publications 77 http://www.bis.org/publ/bcbsc137.htm Abstract of "Prevention of criminal use of the banking system for the purpose of money-laundering" (Basel Committee publications - 1988 December ) Prevention of criminal use of the banking system for the purpose of money-laundering 1988-12-27T23:00:00Z Prevention of criminal use of the banking system for the purpose of money-laundering 1988-12-27T23:00:00Z BIS money-laundering PDF version http://www.bis.org/publ/bcbsc137.pdf December 1988 Bank for International Settlements: BCBS Publications