The Wolfsberg Group has published a statement setting out how financial institutions can assess risk in defined priority areas and demonstrate their anti-money laundering and counter financing of terrorism (AML/CFT) programme effectiveness.

The Wolfsberg Group Statement on Demonstrating Effectiveness document builds on previous effectiveness statements by the association of thirteen global banks that aims to develop frameworks and guidance for the management of financial crime risks.

You need to be logged in to view this article.

If you are an existing subscriber please enter your credentials to log in.

To become a member of The Association of Trade Finance Compliance Professionals (ATFCP) click here!