The associations jointly submitted the supplemental request to provide OFAC with additional detail in support of their August 1, 2018, letter asking for guidance and/or a license to mitigate threats to global financial institutions resulting from the conflict of US and EU laws over Iranian sanctions.

Read More Nov 14, 2018

WASHINGTON — BAFT (Bankers Association for Finance & Trade), a global transaction banking association, today announced the release of fraud indemnity agreement templates for members attempting to recover funds that were fraudulently transferred from a customer’s bank account to another bank.

Read More Oct 31, 2018

BAFT has published its 2018 Annual Review. The Annual Review highlights initiatives BAFT worked on behalf of its membership, from advocacy and education to best practices and joint industry initiatives, throughout the year.

Read More Oct 12, 2018