A Framework Agreement for the provision of Government Banking Services was established in June 2018 following a competitive tendering process. The successful tenderer has published a report on its internal investigation into money laundering at one of its operations. Remaining cognisant of the responsibility to conduct business in line with applicable laws, rules and regulations, my officials have been in touch with the bank in respect of this matter. In the event that circumstances arise that would warrant the exclusion of any tenderer from a Framework Agreement, contract terms and conditions provide for such steps to be taken as may be necessary.