THE BASEL COMMITTEE GUIDANCE OF 15 JANUARY 2014 FOR MANAGEMENT OF RISKS RELATED TO MONEY LAUNDERING AND FINANCING OF TERRORISM
Journal Title: Annuals of the Administration and Law - Year 2017, Vol 0, Issue 0
Abstract
In this paper the aspects of some guidelines of Basel Committee on Banking Supervision of 2014 were considered. It should be strictly stressed that there is not possibility to write about this problem in details, because it could be a subject of a book. The central aim of this paper is to show the directives about prevention and repression of financing of terrorism and money laundering. It is important to prove a role of BCBS (1988–2014) in this matter. Moreover, the relations between Basel Committee and Financial Actions Task Force on Money Laundering were shown in the light of a fight with negative facts in banking system. Working with BCBS document of 2014 was discussed both English and German version of text. There are differences between them, which are implied not only by syntactic and semantics specific of these languages. In this context it would be important to translate this document into Polish for using it in banking procedures.<br/><br/>
Authors and Affiliations
Marek Zielinski
Keywords
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