The Basel Committee on Banking Supervision has today published for public comment its proposed Sound management of risks related to money laundering and financing of terrorism.The proposed guidelines take into account the February 2012 recommendations set out in the Financial Action Task Force International Standards on Combating Money Laundering and the Financing of Terrorism and Proliferation. In particular, the proposal published today reflects the importance of a risk-based approach, which is the first of the FATF recommendations, and is fully aligned with other Committee guidance on this topic.