When were the Wolfsberg AML Principles published?
The Wolfsberg Anti-Money Laundering (AML) Principles for Private Banking were subsequently published in October 2000, revised in May 2002 and again most recently in June 2012. The Wolfsberg Group is pleased to announce the appointment of Alan Ketley as its new Executive Secretary, effective October 1st….
Are AML/CTF risk assessments focused on government priorities?
Most FIs do not focus their AML/CTF risk assessments on government priorities. Instead, and largely in response to supervisory expectations, AML/CTF risk assessments are focused on technical compliance with requirements rather than the effectiveness of the FI’s efforts to prevent and detect financial crime.
What did the Wolfsberg Group do to fight corruption?
In early 2007, the Wolfsberg Group issued its Statement against Corruption, in close association with Transparency International and the Basel Institute on Governance. It describes the role of the Wolfsberg Group and financial institutions more generally in support of international efforts to combat corruption.
Who is the new Executive Secretary of the Wolfsberg Group?
The Wolfsberg Group is pleased to announce the appointment of Alan Ketley as its new Executive Secretary, effective October 1st…. Alan has been a significant supporter of the Group’s work over many years.
What is the Wolfsberg Group?
The Wolfsberg Group is an association of thirteen global banks which aims to develop frameworks and guidance for the management of financial crime risks, particularly with respect to Know Your Customer, Anti-Money Laundering and Counter Terrorist Financing policies. The Group came together in 2000,…
What is the Wolfsberg guidance on customer tax evasion?
The Wolfsberg Group is pleased to publish its Guidance on Customer Tax Evasion, which is designed to provide Financial Institutions (FIs) with an industry perspective on how to develop, implement and maintain an effective anti-tax evasion compliance programme. The overall objective of the Guidanc.