Banks exchange data with public authorities inside strictly defined parameters designed to balance privacy and data security with the need to tackle serious problems including human trafficking and terrorist financing. The taskforce is already delivering results: in its first three months alone, it contributed to 37 arrests and the closure of 114 accounts. These forums are welcome and valuable. This is why HSBC, along with other organisations, is supporting the think-tank the Royal United Services Institute and NJM Advisory to carry out an international review of approaches taken in different jurisdictions around the world. The first meeting will take place today in London and lessons learned can help us agree ambitions for the future.