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The Wolfsberg Group issues guidance on the provision of banking services to stablecoin issuers

Banks continue to be pulled in every direction on how to manage the financial crime risks associated with digital assets. When it comes to stablecoins, the advent of regulation in critical jurisdictions across the world to normalise their use has created the expectation that the path will improve for stablecoin issuers as they seek access to traditional banking. Today the Wolfsberg Group addresses that tension directly with our Guidance on the Provision of Banking Services to Fiat-backed Stablecoin Issuers.

The Wolfsberg Group publishes its second Statement on Effective Monitoring for Suspicious Activity

The Wolfsberg Group publishes its second Statement on Effective Monitoring for Suspicious Activity A responsible framework for innovation

The Wolfsberg Group releases its Statement on the Risk-Based Approach

We released our first guidance at the Wolfsberg Group on the risk-based approach back in 2006, almost 20 years ago. Since that time, we have published various documents and FAQs that all touch on the application of the RBA. But we continue to listen to how fear limits the ambitions of regulators, law enforcement, and us in private sector in truly applying a risk-based approach. This statement re-establishes our commitment to the RBA. It includes a pledge to update our 2006 RBA guidance, along with other documents that touch on the risk-based approach, such as our 2015 FAQs on risk assessments, to press all of us to make those hard decisions on the “means” in order to get to the right “ends”. The focus must be on outcomes!

The Wolfsberg Group Celebrates its 25th Anniversary and Welcomes New Management Committee Members

The Wolfsberg Group is proud to celebrate its 25th anniversary as a leading voice in the global fight against financial crime. The Group convened recently at Wolfsberg, where the organisation was founded, to reflect on the advances made by the Group in the fight against financial crime and the challenges to come.

2025 Wolfsberg Forum: From strategic alignment to operational gains

The 25th anniversary Wolfsberg Forum concluded on Friday, May 23, bringing together a select group of 100 leaders from around the world dedicated to disrupting financial crime. The Wolfsberg delegates were joined by public, private and civil society experts from Asia, Africa, the Middle East, Europe and the Americas to focus on resolving the core issues that continue to challenge the financial crime community.

The Wolfsberg Group elects a new Co-chair

Emma Molvidson, the Global Head of Financial Crime Prevention for UBS, has been elected as the new Co-Chair of the Wolfsberg Group, effective from January 1, 2025. Emma became the Global Head of Financial Crime Prevention at UBS in April 2023. She has held a variety of senior management roles at UBS over the past 14 years in Group Legal, the Investment Bank as well as leading Compliance & Investigations.

Wolfsberg Guidance on Payment Transparency - Roles and Responsibilities

Payments can flow in a variety of ways and involve many types of payment service providers, messaging systems and payment market infrastructures. This document provides an overview of the roles played by key actors in a payment chain.

Wolfsberg Group Response to FATF consultation on AML/CFT and Financial Inclusion - R.1, 10 and 15

The Group agrees with the FATF’s goal to create an anti-money laundering/countering the financing of terrorism (“AML/CFT”) regulatory environment that reinforces the risk-based approach while also supporting financial inclusion.

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Concrete hands-on guidance by practitioners,
for practitioners

0 Years established

Resources published

Areas of work

Effectiveness

At the Wolfsberg Group, we believe true operational risk management is not just about compliance; it is about demonstrable effectiveness.

Correspondent Banking and Payments

The Wolfsberg Group has established itself as a global leader in promoting best practices and standards in the areas of correspondent banking and payments.

Risk-Based Approach

We fundamentally believe that an effective financial crime risk management framework is rooted in a risk-based approach (RBA).

Innovation

Innovation is at the heart of our commitment to strengthening the integrity, efficiency, and resilience of the global financial system.

Digital assets

We actively develop guidance and standards to navigate the risks and opportunities of digital assets, including stablecoins.

CBDDQ & FCCQ

Developed and published by the Wolfsberg Group, the Correspondent Banking Due Diligence Questionnaire (CBDDQ) seeks to help Financial Institutions conducting due diligence on Correspondent Banking relationships, as per regulatory requirements and their own internal policies and procedures.

The Wolfsberg Group issues guidance on the provision of banking services to stablecoin issuers

The Wolfsberg Group publishes its second Statement on Effective Monitoring for Suspicious Activity

The Wolfsberg Group releases its Statement on the Risk-Based Approach

The Wolfsberg Group Celebrates its 25th Anniversary and Welcomes New Management Committee Members

2025 Wolfsberg Forum: From strategic alignment to operational gains

The Wolfsberg Group elects a new Co-chair

Wolfsberg Guidance on Payment Transparency - Roles and Responsibilities

Wolfsberg Group Response to FATF consultation on AML/CFT and Financial Inclusion - R.1, 10 and 15

Concrete hands-on guidance by practitioners,
for practitioners

Areas of work

Effectiveness

Correspondent Banking and Payments

Risk-Based Approach

Innovation

Digital assets

CBDDQ & FCCQ

Resources

Wolfsberg Group Guidance on the Provision of Banking Services to Fiat-backed Stablecoin issuers

The Wolfsberg Group - Statement on the Risk-Based Approach

The Wolfsberg Statement on Effective Monitoring for Suspicious Activity, Part II: Transitioning to Innovation

Wolfsberg Guidance on Payment Transparency - Roles and Responsibilities

Wolfsberg Group Response to FATF public consultation on AML/CFT and Financial Inclusion - R.1, 10 and 15

The Wolfsberg Group FAQs on Defining Digital Assets

Wolfsberg Response to the FBAs’ Notice of Proposed Rulemaking for the AML Program Rule

Response to the Financial Stability Board’s (FSB) Consultations on Regulating and Supervising Cross-border Payment Services and Data Frameworks Alignment

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News

The Wolfsberg Group issues guidance on the provision of banking services to stablecoin issuers

The Wolfsberg Group publishes its second Statement on Effective Monitoring for Suspicious Activity

The Wolfsberg Group releases its Statement on the Risk-Based Approach

The Wolfsberg Group Celebrates its 25th Anniversary and Welcomes New Management Committee Members

2025 Wolfsberg Forum: From strategic alignment to operational gains

The Wolfsberg Group elects a new Co-chair

Wolfsberg Guidance on Payment Transparency - Roles and Responsibilities

Wolfsberg Group Response to FATF consultation on AML/CFT and Financial Inclusion - R.1, 10 and 15

Concrete hands-on guidance by practitioners,for practitioners

Areas of work

Effectiveness

Correspondent Banking and Payments

Risk-Based Approach

Innovation

Digital assets

CBDDQ & FCCQ

Resources

Wolfsberg Group Guidance on the Provision of Banking Services to Fiat-backed Stablecoin issuers

The Wolfsberg Group - Statement on the Risk-Based Approach

The Wolfsberg Statement on Effective Monitoring for Suspicious Activity, Part II: Transitioning to Innovation

Wolfsberg Guidance on Payment Transparency - Roles and Responsibilities

Wolfsberg Group Response to FATF public consultation on AML/CFT and Financial Inclusion - R.1, 10 and 15

The Wolfsberg Group FAQs on Defining Digital Assets

Wolfsberg Response to the FBAs’ Notice of Proposed Rulemaking for the AML Program Rule

Response to the Financial Stability Board’s (FSB) Consultations on Regulating and Supervising Cross-border Payment Services and Data Frameworks Alignment

See all Resources

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Concrete hands-on guidance by practitioners,
for practitioners