About the Wolfsberg Group

The Wolfsberg Group www.wolfsberg-principles.com is an association of thirteen global banks which aims to develop frameworks and guidance for the management of financial crime risks, particularly with respect to Know Your Customer (KYC), Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF) policies.

Its work is similar to what the Financial Action Task Force on Money Laundering (FATF) does on a government level. In addition to its AML-activities, the Wolfsberg Group also serves as an collective action group in the field of anti-corruption.