The Wolfsberg Group is an association of thirteen global banks (Banco Santander, Bank of America, Barclays, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, J.P. Morgan Chase, MUFG Bank, Société Générale, Standard Chartered Bank, and UBS). The Group aims to develop 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.
The Wolfsberg Anti-Money Laundering (AML) Principles for Private Banking were published in October 2000, revised in May 2002 and again most recently in June 2012.
Since the first set of AML Principles were released, the Group has published a significant number of documents, which are available from their website. The Wolfsberg Group publications are designed to provide financial institutions with an industry perspective on effective financial crime risk management. Their publications fall into a number of categories:
