Wolfsberg Group Hones Standards As De-Risking Concerns Continue

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.

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