Back Custom print Link Text Only Rich Text Print

  • Basel Committee: Statement on Money Laundering and Customer Due Diligence for Banks

    • FC-10.1.3

      In December 1988, the Basel Committee on Banking Supervision issued a 'Statement of Principles' followed by the Customer Due Diligence for Banks paper in October 2001 (with attachment dated February 2003 – see www.bis.org/publ/) with which internationally active banks of member states are expected to comply. These papers cover identifying customers, avoiding suspicious transactions, and co-operating with law enforcement agencies.

      October 07

    • FC-10.1.4

      The CBB supports the above papers and the desirability of all conventional bank licensees adhering to their requirements and guidance.

      October 07