The Wolfsberg Group is an association of 12 gobal banks that aims to reach common standards on Know-your-Customer and Anti-Money Laundering issues. The Group has issued various papers that aim to give guidance on areas where there is no law or further guidance is felt helpful. The papers include:
- FAQ’s on AML issues in the context of Investment and Commercial Banking
- AML guidance for Mutual Funds and other pooled investment vehicles
- Guidance on a risk based approach for managing money laundering risks
- FAQ’s on Correspondent Banking
Tracy Paradise has recently written an article on the Group for Sweet & Maxwell’s Company Lawyer (2007 Vol 28, no 5, p 150-151).
