Tag: Correspondent Banking

CEO & Director Forum 2019

Connect and Share with industry leaders in Banking and Fintech, CEO’s, Directors, Compliance Professionals, Technical Service Providers, Representatives of Regional and International Bodies, and a range of banking professionals to discuss opportunities and threats in the regional financial services sector, at the Fourth CEO Forum. Registration and hotel information will be updated in the coming days. Look back on last year’s event and some of the important outcomes.…

Webinar Series: Correspondent Banking and Governance

You do not want to miss this opportunity! The Caribbean Association of Banks and Promontory, an IBM Company, invite you to a fourth webinar as part of our ongoing series where expert perspectives on correspondent banking and best practices in governance will be presented and discussed. In addition, a U.S. correspondent bank will directly share their expectations for best practices in securing or maintaining correspondent banking relationships. Learn strategies for obtaining or maintaining correspondent relationships Discuss practices for communicating with…

The Wolfsberg Group Publishes new Questionnaire on Correspondent Banking

The Wolfsberg Group has published a new Due Diligence Questionnaire on Correspondent Banking as a primary initiative to help address the decline of Correspondent Banking Relationships. Prior to this, there was no standardized format for information required in maintenance of Correspondent Banking Relationships. According to Wolfsburg, the new form will aim to set an enhanced standard for Correspondent Banking Due Diligence and reduce additional data requirements to a minimum. This standardized document should result in a less tedious and costly…