ResourcesPractical guidance and standards for financial crime risk management professionals

The Wolfsberg Group actively develops guidance and standards to navigate the risks and opportunities associated with digital assets, including stablecoins.

Our focus is on defining “reasonable and risk-based controls” that recognize the distinct roles and responsibilities of the bank and the virtual asset service provider (VASP) when the two enter into a commercial relationship, including being clear on where those roles and responsibilities in financial crime risk management and compliance should begin and end.

As a Group, we also work to break down the cultural silos between financial crime investigators from traditional financial institutions and the VASPs, promoting enhanced private-to-private information sharing to be more effective is recovering funds for victims and disrupting financial crime for law enforcement.