The Basel Committee on Banking Supervision (BCBS) has updated its General guide to account opening (the Guide). The Guide is intended to support banks in implementing the Financial Action Task Force standards and guidance, which requires the adoption of specific policies and procedures, in particular on account opening. The revised version of the Guide is an annex to the BCBS’  Sound management of risks related to money laundering and financing of terrorism.

View BCBS revised general guide to account opening, 4 February 2016