The Wolfsberg Group

The Wolfsberg Group is an association of thirteen global banks, established in 2000, with the aim of developing and promoting best practices for combating financial crime. The group collaborates to address issues related to anti-money laundering (AML), counter-terrorism financing (CTF), and know-your-customer (KYC) standards.

The Wolfsberg Group primarily focuses on developing guidelines and frameworks to enhance risk management and compliance standards among financial institutions worldwide. Their initiatives include setting norms for due diligence, customer identification, risk assessments, and information sharing. The group also engages in dialogue with regulators, law enforcement agencies, and other stakeholders to improve global financial system integrity. Through its collective expertise and guidance, The Wolfsberg Group strengthens the effectiveness of financial institutions’ efforts in preventing illicit activities and reducing financial crime risks.