The Basel Committee (BCBS) revises its AML guidelines to address de-risking.

BCBS has revised its guidelines on “Sound management of risks related to money laundering and financing of terrorism”, originally published in 2014.

The amendments to the guidelines are in response to the termination of correspondent banking relationships in an attempt to avoid perceived AML risks.

Link: https://www.bis.org/bcbs/publ/d405.htm

Link to document: https://www.bis.org/bcbs/publ/d405.pdf

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