Wolfsberg Group: Updated Correspondent Banking Due Diligence Questionnaire

On February 22, 2018, the Wolfsberg Group, an association of 13 global banks that aims to develop frameworks and guidance for the management of financial crime risks, know your customer (KYC), anti-money laundering and counter-terrorist financing (AML/CTF) policies, published an updated Correspondent Banking Due Diligence Questionnaire (CBDDQ) and related guidance material.

The Wolfsberg Group has revised its 2004 Anti-Money Laundering Questionnaire for Correspondent Banks, seeking to set an enhanced and reasonable standard for correspondent banking due diligence.

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