And to improve our strategic resilience, the Bank will reduce the Bank’s carbon footprint by almost two thirds by 2030, consistent with a transition to a 1.5 degree world.36 Conclusion The new finance has the potential to unlock stronger, more sustainable and more inclusive growth. By taking the measures I outlined this evening, the Bank can enable the new economy; empower greater competition and ensure the resilience of the financial system. 33  Available at: https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/supervisorystatement/2019/ss319.pdf?la=en&hash=7BA9824BAC5FB313F42C00889D4E3A6104881C44. 34 See: https://www.bankofengland.co.uk/news/2019/march/first-meeting-of-the-pra-and-fca-joint-climate-financial-risk-forum. 35 The Bank has cut its use of cups and food boxes by over 80% since 2016, that’s over 2 million fewer items of single use plastic each year. We are also working on promoting natural biodiversity at our sites. We have a beehive in place at our Debden print works, and we are due to introduce our next hive at Threadneedle Street this year. 36 The Bank commits to reduce its emissions from gas and fuel, electricity and business travel by 63% by 2030. We plan for all the electricity and gas we purchase and use across our buildings to come from 100% renewable sources, such as wind, solar and biogas by April 2020.Our target is (1) informed by Science Based Targets, (2) in line with the aims of the Paris Agreement and (3) consistent with limiting global warming to 1.5°C [above pre-industrial levels]. The target has been fully validated by the Carbon Trust (CT).

Ajith Nivard Cabraal: Protecting financial systems from money laundering and terrorist financing activities Keynote address by Mr Ajith Nivard Cabraal, Governor of the Central Bank of Sri Lanka, at the World Bank Workshop on Capacity Enhancement for Anti Money Laundering and Combating the Financing of Terrorism, Colombo, 7-11 May 2007. *  *  *  Ladies & Gentlemen, Let me welcome you to the inaugural ceremony of this Capacity Enhancement workshop and extend to all overseas participants and representatives a very warm welcome to our country. I am also happy to be able today to share a few thoughts with you about the need to ensure the integrity of worldwide financial systems by protecting such systems from money laundering and terrorist financing activities. This is a challenging task as advancements in technology, especially in the financial services industry, have made it easier for criminals including terrorists to take advantage of liberalized financial markets, innovative technologies and the ease with which cross-border flows of financial transactions can take place. One of the most recent incidents in this regard is the sophistication with which, internationally active Tamil Tiger Terrorists have successfully perpetrated a massive credit card fraud in London costing the British public, according to reports, about 100 million Sterling Pounds by skimming credit cards belonging to the British public. Skimming has been a common technique used to raise funds for terrorists in Algeria, Kashmir and Chechnya, and now it is clear that it is being extensively practiced in the Western world too.