ResourcesPractical guidance and standards for financial crime risk management professionals

The Wolfsberg Group is recognized for its global role 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 (the Correspondent Banking Due Diligence Questionnaire) and the FCCQ (the Financial Crime Compliance Questionnaire). These questionnaires represent the global standard for due diligence between financial institutions in establishing a correspondent relationship. We complement the questionnaires with extensive guidance, a glossary, and FAQs to help financial institutions of all sizes around the world capture accurately the core components of their financial crime risk management and compliance framework.

See Resources below for guidance, FAQs, the glossary, and Excel versions of the questionnaires.

Payments

Wolfsberg's work on payment transparency dates back to some of the earliest initiatives by the public and private sector to ensure information on the debtor and creditor behind each payment is clear. This clarity is a critical dependence for downstream controls on monitoring for suspicious activity and screening, and in facilitating the ability of law enforcement to conduct effective cross-border investigations.

See Resources below for consultation responses associated with payment transparency.