About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

BAFT and Bankersalmanac.com Collaborate to Extend Due Diligence Repository

Subscribe to our newsletter

Originally appeared in MiFID Monitor

Bankersalmanac.com and the Bankers’ Association for Finance and Trade (BAFT) have agreed to collaborate on promoting and extending the coverage of the reference data vendor’s Due Diligence Repository, which was launched in 2004. The repository has been set up by Bankersalmanac.com as an industry utility and BAFT will be engaged in encouraging its member banks to submit their compliance documents and subscribe to the repository as a source of data for compliance.

Charles Silverman, president, board of directors at BAFT, explains: “The development of Bankersalmanac.com’s Due Diligence Repository as an industry tool offers considerable efficiency gains, both across the sector and within individual institutions. As a global industry association, BAFT recognises the value of such a service.”

The Due Diligence Repository was launched in association with the Wolfsberg Group and provides the primary information required to conduct due diligence checks on bank counterparties, says the vendor. Currently, it contains more than 64,500 documents against 16,800 financial institutions, comprising licences, corporate governance documents, anti-money laundering policies, USA Patriot Act/Foreign Bank Certification and the Wolfsberg Group Anti-Money Laundering Questionnaire.

With a view to encouraging wider industry adoption, BAFT formed an advisory group from its member banks who attended a workshop hosted by Bankersalmanac.com earlier this year to review the existing Due Diligence Repository together with proposed feature and methodology enhancements.

Kerry Hewson, director of Bankersalmanac.com, comments: “Our objective has always been to establish the Due Diligence Repository as the global de facto industry standard, providing consistency and conformity in due diligence document checks and reducing the administrative burden that banks face when conducting know your customer (KYC) assessments on their counterparties. The support of associations such as BAFT and the Wolfsberg Group is of major importance to us in developing the repository to meet industry needs and our collaboration with both associations will bring further value to the sector.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: GenAI and LLM case studies for Surveillance, Screening and Scanning

6 November 2025 11:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes As Generative AI (GenAI) and Large Language Models (LLMs) move from pilot to production, compliance, surveillance, and screening functions are seeing tangible results — and new risks. From trade surveillance to adverse media screening to policy and regulatory scanning, GenAI and...

BLOG

GenAI and LLM Adoption in Compliance: Implementation Insights from Saifr’s Harsh Pandya

The Saifr sponsored whitepaper – From Caution to Action: How Advisory Firms are Integrating AI in Compliance – published in November, had several key themes surrounding the adoption of generative AI (GenAI) enabled technologies for compliance functions by advisors and wealth management companies. We recently covered the theme of in-house versus vendor-supplied solutions in an interview...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...