ACAMS
CAMS · Question #214
What was the topic the Wolfsberg Group's first guidance addressed?
The correct answer is B. Private banking. The Group first came together in 2000 at the Wolfsberg castle in Switzerland, accompanied by representatives of Transparency International, to draft anti-money laundering guidelines for private banking.
Compliance Standards (International AML/CFT Standards and the role of FATF)
Question
What was the topic the Wolfsberg Group's first guidance addressed?
Options
- AEnhanced due diligence for high risk customers
- BPrivate banking
- CAML training for financial institution staff
- DMerchant acquiring activities
How the community answered
(22 responses)- B86% (19)
- C9% (2)
- D5% (1)
Explanation
The Group first came together in 2000 at the Wolfsberg castle in Switzerland, accompanied by representatives of Transparency International, to draft anti-money laundering guidelines for private banking.
Topics
#Wolfsberg Group#private banking#AML guidance history#international standards
Community Discussion
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