International Due Diligence Repository Flashcards
1
Q
With Banker’s Almanac, what did Wolfsberg Group began collaborating on
A
to develop the
International Due Diligence Repository
2
Q
what Details are included in the Repository
A
nformation about shareholders with stakes of more than
five percent, copies of
company by-laws, relevant licenses, extracts from commercial registers or certificates of incorpo-
ration, the most recent annual reports, biographies of board members and senior management, and information about each
financial institution’s AML policies and procedures
3
Q
why was this Repository developed
A
is a potential cost-saving in time spent seeking
information from a variety of sources.
4
Q
when was the Repository developed
A
2004
