The Basel Committee has issued its final revised version of its general guide to account opening. It previously consulted on the proposal to annex the guide to the guidelines on sound management of risks related to money laundering (AML) and financing of terrorism (CFT) (see FReD 24 July 2015). In doing so it hopes the guide can support the FATF standards and guidance. (Source: Basel Committee Finalises Account Opening AML/CFT Guidelines)