About usThe leading voice in banking committed to combatting financial crime
The Wolfsberg Group is an association of 12 member banks which develops frameworks and guidance for the management of financial crime.
The financial crime compliance sphere continues to evolve rapidly. As the leading voice in banking committed to combatting financial crime, the Group's approach is to build on its unique profile to provide practical guidance developed by practitioners for practitioners and help improve the effectiveness of financial crime compliance.
Who we are
The Group became a legal entity in October 2021. Headquartered in Basel, Switzerland at the Basel Institute on Governance's premises, it is coordinated by a Secretariat and headed by Executive Secretary Ned Conway.
The organisation is chaired by Emma Molvidson and Jennifer Calvery, and benefits from the expertise of Steve Munroe and Tracey McDermott, as members of the Management Committee.
How do we work?
Working Groups
Our members are senior financial crime compliance leaders from our member banks. We work jointly through Working groups. Our Working Groups bring together expert practitioners and cover a wide range of financial crime-related topics to issue new publications, or update older ones as needed. Our work allows us to collect best practices from our members to advise and support the industry.
Advocacy
The Group also works towards promoting engagement between public and private sectors in combatting illicit financial activity. We work closely with international standard setters, national law enforcement, financial intelligence units, supervisors, and regulators to find routes to achieving the shared goal that of preventing the misuse of the global financial system.
The history of Wolfsberg
The Group is considered as one of the first and oldest Collective Action Initiatives focused on financial crime compliance. We first met in 2000, at the Château Wolfsberg, in north-eastern Switzerland, to develop the AML Principles for Private Banking that were published in October 2000, which have since been revised and updated. The Group became a legal entity in October 2021.
Read more about the history of Wolfsberg until 2012.
As the leading voice in banking committed to combatting financial crime,
the Group's approach is to build on its unique profile to provide practical guidance developed by practitioners for practitioners and help improve the effectiveness of financial crime compliance.
