Regulatory Alerts2016-02-19
Added · Updated
Basel Committee on Banking Supervision Revised the General Guide to Account Opening
The Circular Information Release issued on 19 February 2016 addresses account opening and maintenance controls for all Authorized Institutions. It references the Basel Committee on Banking Supervision's paper on the sound management of risks related to money laundering and financing of terrorism. The document also highlights related guidance on risk-based AML/CFT controls for politically exposed persons and observations from a mystery shopping programme regarding account opening processes.
CIR
Current
Issue Date:
19 Feb 2016
20160219-1-EN.pdf (77.0 KB)
Topic:
AML & CFT - AML/CFT Controls
Banking Conduct & Enforcement - Account Opening/Maintenance
Miscellaneous - BCBS
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
CIR
Current
10 Feb 2014
Basel Committee on Banking Supervision's Paper on “Sound management of risks related to money laundering and financing of terrorism”
Directly related Document
CIR
Current
10 Feb 2014
Basel Committee on Banking Supervision's Paper on “Sound management of risks related to money laundering and financing of terrorism”
Version History
Superseded Document
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