On 27 June 2019, the Wolfsberg Group has published a series of materials supporting the implementation of the Correspondent Banking Due Diligence Questionnaire (CBDDQ).
The new materials include:
- a short video giving an overview of the CBDDQ and its development and purpose;
- a series of 12 videos covering each section of the CBDDQ individually and which are intended for high level training and awareness for banks, supervisors and other public sector bodies; and
- a detailed review of the majority of the questions in the CBDDQ highlighting the risks and considerations that the questions are designed to identify as well as setting out clear expectations for the communication between correspondent and respondent.
These materials should be used in combination with the CBDDQ itself as well as previously published completion guidance and FAQs document.