With The Wolfsberg Group releasing their Principles for Auditing a Financial Crime Risk Management Programme for Effectiveness under the Wolfsberg Factors, we thought it would be an excellent opportunity to look closer at how to apply these principles.

Whether it’s an independent audit, model validation or BAU assurance activities, we'll explore how these principles can be applied to determine effectiveness as well as compliance.

Agenda:

• The three Wolfsberg factors and the associated principles for effectiveness

• How to adopt these principles into a methodology framework

• Thematically look at what that means for performing model validation activities for key control areas such as fraud, sanctions and transaction monitoring

• How FINTRAIL can help with these activities