Overview
Lobbying Costs
100,000€ - 199,999€
Financial year: Jan 2023 - Dec 2023
Lobbyists (Full time equivalent)
0.45 Fte (3)
Lobbyists with EP accreditation
0
High-level Commission meetings
0
Lobbying Costs over the years
-
Info
The Wolfsberg Group
EU Transparency Register
744386148303-66 First registered on 06 Dec 2022
Goals / Remit
The Wolfsberg Group is an association of 12 global banks which aims to develop frameworks and guidance for the management of financial crime risks, particularly with respect to Know Your Customer, Anti-Money Laundering and Counter Terrorist Financing policies.
The Group has been publishing standards, FAQs, and guidance on a range of financial crime compliance topics for over 20 years. These publications are used by the financial services industry worldwide and have been supported by the public sector and cited favourably by regulators. Topics covered have included standards on private banking, the risk-based approach, payment transparency, politically exposed persons, source of wealth/source of funds, anti-bribery and corruption, sanctions screening, risk management for customers who transact digitally, the monitoring of suspicious activity or auditing for effectiveness. The Group is also the publisher of the industry standard Correspondent Banking Due Diligence Questionnaire.Main EU files targeted
All initiatives relating to combatting financial crime, financial and economic sanctions, terrorist financing, and anti-bribery and corruption.
AML Authority Regulatory Technical Standards, derisking, and the EU action plan on preventing money laundering and terrorism financing.Address
Head Office
c/o Steinenring 60
4051 Basel 4501
SWITZERLANDEU Office
c/o Steinenring 60
4051 Basel 4501
SWITZERLANDWebsite
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People
Total lobbyists declared
3
Employment time Lobbyists 25% 1 10% 2 Lobbyists (Full time equivalent)
0.45
Lobbyists with EP accreditation
No lobbyists with EP accreditations
Complementary Information
The Wolfsberg Group Secretariat is a team of three people responsible for coordinating the activities of our 12 member banks. On average, one person will spend 25% of their time on EU-related activities and the other two will spend 10%.
Person in charge of EU relations
Data not provided by Register Secretariat due to GDPR
Person with legal responsibility
Data not provided by Register Secretariat due to GDPR
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Categories
Category
Trade and business associations
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Networking
Affiliation
None
Member organisations
None declared
-
Financial Data
Interests represented
Promotes their own interests or the collective interests of their members
Closed financial year
Jan 2023 - Dec 2023
Lobbying costs for closed financial year
100,000€ - 199,999€
Major contributions in closed year
None declared
Intermediaries for closed year
None declaredIntermediaries for current year
None declaredClosed year Costs
100,000€ - 199,999€
Other financial info
The Wolfsberg Group has existed since 2000 but only became a legal entity in October 2021, and our bank account was not opened or funded until mid/late December 2021. The Group has been fully audited for 2022 as well as the few days of operation in 2021. A partial audit was undertaken in 2023.
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EU Structures
Groups (European Commission)
None declared
Groups (European Parliament)
N/A
Communication activities
Comment letters submitted to the EU, EBA, MEPs and DG FISMA
Other activities
None declared
Meetings
Meetings
None declared