Global Standards · Wolfsberg Group
Wolfsberg Statement on Effectiveness of Sanctions and AML Screening
Industry StatementIn Force
- Issuing authority
- Wolfsberg Group
- Effective date
- 2019 current
- Scope
- Banks
Key requirements
How banks should screen customers and transactions against sanctions lists. Explains what 'effective' screening actually looks like — not just running names through software, but ensuring lists are current, alerts are properly handled and false positives don't drown out real hits.