Wolfsberg Group country risk FAQs

On 19 March 2018, the Wolfsberg Group published FAQs on how to manage country risk in the context of financial crime compliance. The term “country risk” has typically referred to the additional risk created by investing in, or lending cross border to, a foreign country in the context of credit facilities. Therefore, when assessing a customer’s risk profile, financial institutions need to consider not only the financial crime risk related to the customer and the customer’s source of wealth, but also the legal frameworks and their effectiveness, as well as the political environment in the countries where the customer is active.

Read more detail on Recent Banking and Finance Law posts –

This entry was posted in Banking and Finance law and tagged , , , , . Bookmark the permalink.

Leave a Reply