Get Wolfsberg Questionnaire

The Wolfsberg Questionnaire is a vital tool for financial institutions to assess their anti-money laundering practices. This guide will provide you with a clear and concise approach to filling out the questionnaire online, ensuring that you provide accurate and complete information.

Follow the steps to successfully complete the Wolfsberg Questionnaire online.

1. Click 'Get Form' button to obtain the Wolfsberg Questionnaire and open it in the designated platform.
2. Begin by entering the financial institution's name and location in the provided fields.
3. Proceed to section I, which focuses on general AML policies, practices, and procedures. Answer each of the questions—indicate 'Yes' or 'No' as applicable. If you respond 'No' to any question, be prepared to provide additional details at the end of the questionnaire.
4. Move to section II, which focuses on risk assessment. Similar to section I, provide clear 'Yes' or 'No' answers for the risk-based assessment questions.
5. Continue to section III, which addresses Know Your Customer (KYC) and enhanced due diligence. Carefully evaluate each question and mark your responses accurately.
6. Section IV involves reportable transactions and the detection of transactions with illicit funds. Ensure that your policies and practices align with the questions posed.
7. Proceed to section V, which discusses transaction monitoring. Fill out this section by reflecting on your institution’s monitoring practices for unusual activities.
8. Finish with section VI, which covers AML training. Confirm that your institution provides adequate training and retains necessary documentation.
9. After completing all sections, review your answers for accuracy. Fill any additional information required at the end of the questionnaire.
10. Save changes, and then choose to download, print, or share the completed questionnaire as needed.

Complete your Wolfsberg Questionnaire online today to enhance your institution's compliance and risk management.