#QuickBiteCompliance Day 27
This post educates on the Basel Committee on Banking Supervision (Basel Committee), established in 1974 by the G-10’s central bank governors to promote global supervisory standards. Appointed by the Bank for International Settlements in Basel, Switzerland, the committee focuses on various aspects like customer due diligence, KYC risk management, transparency in payment messages, and combating terrorist financing through financial record sharing. Learn more about their initiatives at www.bis.org/bcbs.
#QuickBiteCompliance #InclusiveRegtech #BaselCommittee
Source: https://www.acams.org/en/resources/aml-glossary-of-terms
