Prevention of criminal use of the banking system for the purpose of money-laundering
By Bank for International Settlements (BIS)
The Committee emphasizes that although the Statement is not a legal instrument, it complements—rather than replaces—existing national AML requirements, some of which may be stricter. Its core message is that responsible bank management, robust internal controls, and vigilance against illicit activity remain the most effective safeguards against money-laundering.
- Use cases, geography and tags
- Organizations that created, adopted or are mentioned
- Ecosystem position
- Link to the original asset
- Comments and reactions