![What financial institutions need to do now to reduce their risk exposure](https://risk.lexisnexis.com/global/-/media/images/financial%20services/emea-sanctions-screening-pov-pageimage-600x570%20jpg.jpg?h=328&la=en-us&w=345&hash=B7F6D7B0368941C3AB1A2F4526A49BEF753CF994)
Growing complexity, increasing regulatory rigor and the inconsistencies between governments are raising the bar for sanctions compliance.
The Wolfsberg Group, an association of 13 banks, recently offered guidance with a framework of 10 core principles financial institutions should follow to ensure their sanctions screening and AML risk management processes are effective.
Our Point-of-View paper looks into the Wolfsberg Group’s full list of guidelines, and offers advice on how financial institutions can best meet them.