Yesterday, the Wolfsberg Group published its long awaited Correspondent Banking Due Diligence Guidance. While we applaud the efforts of Wolfsberg, we also advise financial institutions to quickly review the guidance to determine what amendments policies, procedures, and program integration are necessary to align with this standard. 

A&M’s Financial Crimes Team is well prepared to assist with this endeavor. Call one of our practice leads Hal Crawford or Larry Iwanski to discuss in detail.