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BCBS – Sound management of ML/TF risks (2020)

Standard / Framework

Source character: Guidance

International banking guidance. BIS marks the July 2020 version Current; supersedes the June 2017 version. Relevant: Part II, sections 2–5 (customer acceptance; identification, verification and risk profiling; ongoing monitoring; information management), paras. 32–55. Not universally binding law; jurisdictions choose whether to implement these guidelines. Official PDF: https://www.bis.org/publications/202007-guidelines-sound-management-risks-related-money-laundering-and-financing-terrorism-revisions-supervisory.pdf. Checked 6 November 2026.

Authors: Basel Committee on Banking Supervision

Year: 2020

Publication: Bank for International Settlements; guidelines, July 2020

DOI/URL: https://www.bis.org/publications/202007-guidelines-sound-management-risks-related-money-laundering-and-financing-terrorism-revisions-supervisory-cooperation

Citation:
Basel Committee on Banking Supervision. (2020). Sound management of risks related to money laundering and financing of terrorism. July 2020. Bank for International Settlements. Accessed 6 November 2026.