The current index will be replaced in August by a new index, and the recent data will also be revised retroactively. While I have mentioned earlier that the year-onyear rate of increase in the CPI was 0.6 percent in May, it is likely to be revised downward to around zero percent by the index revision.
It issued its first Guidance Notes on AML/CFT setting out the minimum standards to be applied by all financial institutions under its purview, on 19 December 2003, thus setting the stage for a credible banking sector. A strong legal and regulatory framework is the basis of any effective regime.