The influential Wolfsberg Group has published an update to its guidance on due diligence for correspondent banking relationships, after recent reports from international bodies revealed de-risking shows no signs of abating.
On Thursday, the group, which comprises some of the world’s largest banks, released an array of supplementary material to a correspondent banking due diligence questionnaire it brought out last year.
To continue reading...
Our Key Benefits
PaymentsCompliance is a premium information service for compliance, legal and regulatory professionals. Our award-winning regulatory monitoring platform is used by many of the world's leading payment services providers and e-money institutions, regulators, challenger banks, fintechs and law firms.
We keep our clients informed of critical regulatory change and help them understand, with in-depth analysis, when change is coming and the implications for their organisation.
We provide our clients with a quantifiable and significant ROI by reducing the amount of time and money spent monitoring and analysing regulatory environments in multiple jurisdictions.