ResourcesPractical guidance and standards for financial crime compliance practitioners

The Wolfsberg Group has established itself as a global leader in promoting best practices and standards in the areas of correspondent banking and payments. Our work aims to improve transparency, efficiency, and risk management, fostering a safer and more resilient financial ecosystem.

One of Wolfsberg's key contributions to correspondent banking is the development of the CBDDQ (Correspondent Banking Data & Due Diligence Questionnaire) and the FCCQ (Financial Crime Compliance Questionnaire). These standardized questionnaires provide a uniform approach for financial institutions to conduct due diligence on correspondent relationships, greatly enhancing the consistency and effectiveness of anti-money laundering (AML) and compliance controls.

Wolfsberg's work on payments focuses on improving transaction transparency, promoting compliance, and enhancing operational effectiveness. Our initiatives aim to establish clear standards that support institutions in understanding the flow of funds, identify suspicious activity, and reduce friction in payment processes.