BASCAP

BASCAP (Basel Committee on Anti-Money Laundering and Countering the Financing of Terrorism) is an international organization that sets standards and guidelines for countries to prevent illegal activities like money laundering and terrorism funding. It provides policies to help banks and financial institutions recognize and report suspicious activities, ensuring the integrity of the global financial system. By establishing best practices, BASCAP aims to strengthen cooperation among nations, reducing financial crime risks and promoting transparency and security in financial transactions worldwide.