The Wolfsberg Group

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2022
2023
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Registration as it was on 28 Nov 2023
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Overview

Lobbying Costs

100,000€ - 199,999€

Financial year: Jan 2022 - Dec 2022

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, and the handling of negative media. 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
    SWITZERLAND
    EU Office
    c/o Steinenring 60
    4051 Basel 4501
    SWITZERLAND

    Website

  • People

    Total lobbyists declared

    3

    Employment timeLobbyists
    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 13 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

  • Categories

    Category

    Trade and business associations

  • 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 2022 - Dec 2022

    Lobbying costs for closed financial year

    100,000€ - 199,999€

    Major contributions in closed year

    None declared

    Intermediaries for closed year

    None declared

    Intermediaries for current year

    None declared

    Closed 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.

  • EU Structures

    Groups (European Commission)

    none

    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

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