The Wolfsberg Group and Effectiveness in AML Compliance

Ch√Ęteau Wolfsberg

The Wolfsberg Group is a private initiative of thirteen global banks aimed at developing frameworks and guidance for the management of financial crime risks, particularly with respect to Know Your Customer, Anti-Money Laundering and Counter Terrorist Financing policies. Continue reading “The Wolfsberg Group and Effectiveness in AML Compliance”

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The Swedbank case

Out of the several money laundering cases in recent years, two of the most disturbing were those of Danske Bank and Swedbank, mainly because they were headquartered in Nordic countries where such cases were rare. Moreover, these countries are known for high standards of living, and very low levels of crime and corruption. Continue reading “The Swedbank case”

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