The Financial Services Vulnerability Taskforce has published a report outlining best practice recommendations for industry for dealing with customers in vulnerable circumstances. It identifies nine principles intended to improve outcomes for customers in vulnerable circumstances and features a number of case studies. The full report can be read here.

Major UK banks, including Barclays and Royal Bank of Scotland, have warned that Chancellor George Osborne’s plan to turn Britain into a hub for the virtual currency trade could help terrorists and criminals. The warning came in a letter to the Treasury from the British Banker’s Association (BBA), which represents the leading British banks. Anthony […]

The British Bankers’ Association (BBA) has announced the launch of a pioneering financial crime alert system which will see 12 government and law enforcement agencies warn banks of the latest threats in a bid to safeguard the accounts of millions of customers. The BBA will launch the financial crime alerts service (FCAS) as part of […]

On May 6, 2014, the British Bankers’ Association (“BBA”) – the U.K.’s leading association for the banking sector – published a 51-page guide entitled “Anti- Bribery and Corruption Guidance” (“the Guidance”). While BBA guidance issued in December 2011 had focused on adequate policies and procedures under the U.K. Bribery Act 2010 (“the Act”),the new Guidance […]

The BBA has released new anti-bribery and corruption guidance for the banking sector, including detailed guidance in the areas of:   the UK Bribery Act 2010; the Ministry of Justice’s six Principles; regulatory obligations and other anti-corruption laws and a comparison with the Bribery Act; top level commitment and governance; risk assessment; due diligence on […]