Bank supervisors look at further action against terrorist finances
BASLE, SWITZERLAND -- Global banking regulators want to see what further steps could to be taken to ensure effective national and cross-border exchange of information between banking supervisors about the banking activities of suspected terrorists.
The Basle Committee on Banking Supervision said in mid April a key element in combating terrorist financing is the setting-up of a highly effective due-diligence programme.
The committee said that in line with the standards set out in its October 2001
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