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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The Caribbean Association of Banks, Inc. is the representative body and recognized voice for banks and other financial institutions in the Caribbean. We seek to influence policies and legislation which impact the sector by advocating on our members’ behalf and participating in the global network of similar institutions.

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