Publication of Country Risk FAQs

Today the Wolfsberg Group is publishing its FAQs on how to manage Country Risk in the context of Financial Crime Compliance. Country risk is widely used as a factor in customer risk assessment and was first addressed by the Group in the 2006 Risk Based Approach to Managing Money Laundering Risks.

The Group hopes that these FAQs will contribute to the promotion of a better understanding of country risk, and effective risk management more broadly, across the industry and further the goal of its members to prevent the use of their institutions for criminal purposes.