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C31 - Best Practices for Providing or Obtaining Correspondent Banking Relationships


‐ Apr 10, 2018 3:20pm

• Reviewing FATF guidance and new Wolfsberg Group principles for conducting due diligence when providing respondent relationships
• Institutionalizing transparency and KYC systems at respondent banks to strengthen credibility when seeking correspondent services
• Resolving AML issues and conflicts to ensure mutually beneficial correspondent relationships


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