International banking laws

International banking laws are a set of rules and agreements that govern how banks operate across different countries. They ensure financial stability, protect consumers, and prevent illegal activities like money laundering and terrorism financing. These laws establish standards for banking practices, regulate cross-border transactions, and promote cooperation between countries’ regulatory authorities. By setting consistent rules, international banking laws help maintain trust in global financial systems, facilitate international trade, and reduce risks associated with international finance. They are often based on treaties, agreements, and standards set by organizations like the Basel Committee and the Financial Action Task Force.