British Bankers Association takes money laundering fight online
www.moneynews.co.uk > General finance > British Bankers Association takes money laundering fight online
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British Bankers Association takes money laundering fight online
Wed 2nd Jul 2008
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User can find The Reporting Officer's Reference Guide 2008-09, a paid-for publication, on BBA's website.
It gives details of international standards and regulations imposed to prevent money laundering.
The new edition - the third since 2005 - includes the changes made to the UK's Money Laundering Regulations in December 2007.
It was created with MHA, a training and consultancy firm working in sectors covered by UK anti-money laundering regulations.
BBA chief executive Angela Knight said that "every passing day the net tightens on money launderers".
A Jersey lawyer recently questioned the European Union's "white list" of countries whose anti-money laundering measures were considered equal to those of EU member states.
Hedgeweek reported Stephen Platt, barrister and chairman of BakerPlatt Group, questioning the inclusion of countries such as Russia and Australia, which have been judged less than 25 per cent compliant with the Financial Action Task Force's standards.
Mr Platt also noted that "finance centres such as Jersey, the Bahamas and the Cayman Islands" were not on the white list.
Related News : General finance |
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