by Jyotsna Bucktowar | Aug 30, 2023
The amended draft Guidelines on Money Laundering and Terrorist Financing (ML/TF) risk factors by the European Banking Authority (EBA) clarify that all credit and financial institutions, including crypto-asset service providers (CASPs), need to take steps to address...
by Jyotsna Bucktowar | Aug 21, 2023
The Group supports revisions to R.8/INR.8 designed to clarify how best to implement a risk-based approach, as well as addressing the negative impact of the over-application of preventive measures on legitimate NPO activities.
by Jyotsna Bucktowar | May 8, 2023
The Group has published its response to the Committee on Payments and Market Infrastructures (CPMI) report on ISO 20022 harmonisation requirements for cross-border payments. It welcomes the CPMI’s proposed format and analysis of ways to improve...
by Jyotsna Bucktowar | Apr 17, 2023
The Guidance identifies the main areas of risk that need to be covered in ABC compliance programmes and reminds the industry that such programmes need to be overseen by senior management; and administered by employees with sufficient authority, expertise…
by AdrianaAMLP | Feb 10, 2023
Wolfsberg Group updates the Correspondent Banking Due Diligence Questionnaire (CBDDQ) and Financial Crime Compliance Questionnaire (FCCQ). The CBDDQ updates include a new section on Fraud and additional questions related to Whistleblower Policy, Virtual Bank...
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