Wolfsberg reaffirms its commitment to the RBA, urging banks to embed ‘Proportionality, Prioritisation, and Effectiveness’ in FC controls, with plans to update its 2006 RBA Framework and 2015 FAQs

It urges institutions to tailor controls to their specific risk profiles and business contexts (proportionality), focus resources on higher‑risk customers and activities rather than applying blanket measures (prioritisation), and ensure programmes deliver measurable,...