Global Standard: How Does the Correspondent Banking Due Diligence Questionnaire (DDQ) Drive Effectiveness?

The Wolfsberg Group has charted an aggressive roadmap over twenty years to reduce risk and raise AML standards internationally across the banking sector. Recently, the Wolfsberg Group has laid out a statement on effectiveness and to developing frameworks and guidance for managing financial crime risk. We examine the current state of affairs and trends in the respondent Bank’s AML standards.