The Wolfsberg Group is an association of thirteen 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.
Phoenix Group has completed the Wolfsberg questionnaire in order to provide an overview of the group’s anti-money laundering practices. The questionnaire has been adapted to acknowledge that questions relating to ‘customer accounts’ are not applicable to Phoenix Group which does not provide banking services. Phoenix Group provides Pensions and Life Policies for personal customers so the term account should be read as policyholder. This is pertinent to question 27.
David Powers, Head of Financial Crime Prevention and Money Laundering Reporting Officer (MLRO) is FCA Authorised (Reference DXP02304). Click here for the link to the FCA Registration details.
Phoenix Group Financial Crime Compliance Questionnaire