Anti-money laundering is a major concern for all financial institutions worldwide, we at First Global Treasury Services Ltd are no exception. There are many guidelines published however we have elected the Wolfsberg Standards which consist of the various sets of AML Principles, as well as related Statements, issued by the Group since its inception, as our basis (http://www.wolfsberg-principles.com/).
This encompasses the:
- The Wolfsberg AML Principles for Private Banking (Rev. May 2002)
- Statement on Financing of Terrorism (Jan 2002)
- The Wolfsberg AML Principles for Correspondent Banking (Nov 2002)
- The Wolfsberg Statement on Monitoring Screening and Searching (Sept 2003)
- Due diligence for financial institutions
- As well as two guidelines that have yet to be fully articulated by lawmakers:
- Guidance on a Risk Based Approach for Managing Money Laundering Risks (June 2006)
- AML Guidance for Mutual Funds and Other Pooled Investment Vehicles (June 2006)
First Global Treasury Services Ltd provides Private Wealth Management. We are a Finance Company based in New Zealand, not a registered bank. Our Products and Services are not available to the public in New Zealand or citizens and residents of certain countries. |
