Islamic State is now the richest terrorist group in history – and that’s because its finances “combine old-fashioned looting and pillaging with high-tech illicit funding,” says Freddie MacMahon. Writing in CityAM, the strategy and innovation director of Anomaly42 said that money and assets gained through smuggling, extortion and looting are brought into the financial system […]

The Wolfsberg Group has published revised anti-money laundering principles for correspondent banking, frequently asked questions on correspondent banking, and the Wolfsberg Group anti-money laundering questionnaire. Copies of the principles; http://www.wolfsberg-principles.com/pdf/home/Wolfsberg-Correspondent-Banking-Principles-2014.pdf FAQs; http://www.wolfsberg-principles.com/pdf/home/Wolfsberg-Correspondent-Banking-FAQ-2014.pdf questionnaire; http://www.wolfsberg-principles.com/pdf/home/Wolfsberg-Anti-Money-Laundering-Questionnair webpage  http://www.wolfsberg-principles.com/