Publication of the Effectiveness Through Collaboration paper

Today, the Wolfsberg Group is publishing its paper on Effectiveness through Collaboration. The document expands on a key element of the Wolfsberg Group’s views on developing an effective Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF) programme (The Wolfsberg Factors), which is to engage with the public sector, including law enforcement. 

The paper specifically focuses on successful engagement through Public-Private Partnerships and is intended to be an introduction to the subject for those who may be less familiar with the principles underpinning these arrangements and the pivotal role that national authorities must play.

The Wolfsberg Group urges the public sector to prioritise the establishment and strengthening of empowered Public-Private Partnerships and encourages FIs to participate actively in information-sharing frameworks to foster a more effective AML/CTF regime. This focus on improving the outcomes of collective investments in fighting financial crime will boost the efforts of law enforcement and will increase the effectiveness of AML/CTF programmes – ultimately benefitting public sector participants, private sector stakeholders, and society at large.

For more of the Wolfsberg Group’s thoughts on effectiveness, please refer to the effectiveness publications on the Wolfsberg website - https://wolfsberg-principles.com/publications/comment-letters.

Back Office Consolidation
Controls for New Payment Methods
Credit Cards
DFS 504 Rule
Digital Identity
Future of Surveillance
Models & Methodologies
Negative News Best Practice
Retail Banking
RFI Benchmarking
Role of FCC professional
Source of Wealth/Source of Funds
Tax Transparency
Terrorist Financing and High Risk Charities
Trade Based Money Laundering
Vendor Procurement Due Diligence / ABC Control Framework
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Publication of the Negative News FAQs in Simplified Chinese and Traditional Chinese
The Wolfsberg Group members elect Carolina Garces as Co-Chair of the Group
Publication of the CBDDQ, FCCQ, Guidance, Glossary and FAQs