From Open Risk Manual


BCBS 89 is a document published by the Basel Committee on Banking Supervision on April 2002 in the Anti Money Laundering category.


Sharing of financial records between jurisdictions in connection with the fight against terrorist financing.


Summary of a meeting of representatives of Supervisors and Legal Experts of G10 Central Banks and Supervisory Authorities on 14 December 2001, Basel, Switzerland


On 14 December 2001, bank supervisors and legal experts of G10 central banks and supervisory authorities met at the BIS to discuss how to prevent the abuse of the financial system when it is used to finance terrorism, and, specifically, issues relating to the sharing of financial records between jurisdictions to assist in the fight against terrorism. The meeting provided an opportunity for participants to review international developments directed at terrorism, and to consider specific assistance that central banks and banking supervisors might provide. The participants discussed measures that had been taken in their jurisdictions to combat terrorist financing and surveyed mechanisms for the sharing of financial records between national jurisdictions. In many of the countries represented at the meeting, legislation has been or is in the course of being amended to provide for sanctions to deter terrorist activities, including measures to deter terrorist financing.

Document Profile

  • Publication Date: April 2002
  • Publication Type: Other
  • Publication Status: Current
  • Publication Category: Anti Money Laundering
  • Number of Pages: 7
  • Keywords: Cross-border Banking, Terrorist Funding

See Also


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