WOLFSBERG NEWS
Publication of the Wolfsberg Group Comment Letter on the EU AML/CFT Legislative Package

The Wolfsberg Group is pleased to share the Comment Letter on the EU AML/CFT Legislative Package that we addressed to key EU officials on October 28, 2022. 

The Group welcomes and supports the ambitious proposals to strengthen and harmonise the EU’s AML/CFT framework and regulatory oversight process. In the context of ongoing trialogue negotiations, the aim of our letter is to provide suggestions and observations on the following key issues: i. Harmonisation of supervisory practices and standards; ii. Enhanced information-sharing in line with GDPR principles; iii. Facilitating an effective risk-based approach. 

The content of the Group’s submission is in line with individual responses contributed by our 13 members, who have also engaged on the EU AML/CFT Legislative Package with trade associations and international bodies. 

You can read the Comment Letter here.

Back Office Consolidation
CBDDQ
Controls for New Payment Methods
Credit Cards
DFS 504 Rule
Digital Identity
Effectiveness
FinTech/RegTech
Future of Surveillance
Models & Methodologies
Negative News Best Practice
Retail Banking
RFI Benchmarking
Role of FCC professional
Sanctions
Source of Wealth/Source of Funds
Tax Transparency
Terrorist Financing and High Risk Charities
Trade Based Money Laundering
Vendor Procurement Due Diligence / ABC Control Framework
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