Fight against money laundering goes online

A new weapon in the finance industry's armoury to defeat money laundering terrorist financing goes online with the publication of the British Bankers' Association's latest Reporting Officer's Reference Guide.

The Guide takes readers through the complexities of the international standards, directives and regulations set up to defeat money laundering and terrorist financing. This new edition - the third since 2005 - incorporates the major changes made to the UK's Money Laundering Regulations in December 2007.

RORG Online (as it is known to users) provides fully searchable guidance, along with invaluable commentary on actual money laundering cases to help firms to build their own risk mitigation systems. It also cites the Financial Services Authority's actions against firms during 2007, together with their reasons for doing so.

BBA Chief Executive Angela Knight said: "Every passing day the net tightens on money launderers, who seek to use reputable businesses to legitimise their riches. This essential guide provides financial institutions with all of the information they need to make their contribution, and its availability online means it is now even easier for them to use."