FATF and Wolfsberg Group to release AML report
NEW YORK – A joint working group between the Financial Action Task Force (FATF) and the Wolfsberg Group is planning to release a report on the risk-based approach in anti-money laundering regulation and compliance in June this year.
The FATF, an international organisation of AML regulators, and the Wolfsberg Group – comprising AML executives from some of the world's top banks – formed the joint working group after the FATF resolved in 2005 to develop a more substantial dialogue with the private sector around AML regulation. The joint working group is being co-chaired by Philip Robinson, financial crime sector leader from the UK's Financial Services Authority (FSA), and by Richard Small, managing director, global anti-money
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