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.
Learning Objectives
Understanding the new risks and new strategies around priority areas in correspondent banking
Investigating the role risk appetite plays in managing the risks of vulnerable sectors
Evaluating the Respondent Bank’s challenges in non-English speaking countries