The Wolfsberg Group, a nongovernmental association of thirteen global banks, published a Frequently Asked Questions (FAQs) update on how to manage country risk in the context of financial crime compliance. As part of the risk-based approach, financial institutions are required to consider not only the financial crime risk related to the customer and the […]

THE International Securities Services Association [ISSA] has released the document Financial Crime Compliance Principles for Securities Custody and Settlement «Background & Overview» which complements the Financial Crime Compliance Principles Background & Overview» http://bit.ly/1G1NWGI ISSA Financial Crime Compliance Principles for Securities Custody and Settlement = http://bit.ly/1Mm6WfA