As financial crime risks evolve, so too must the frameworks that govern how institutions manage them. In Davies’ first Financial Crime & Compliance Roundtable, industry experts came together to explore the changing regulatory and technological landscape surrounding correspondent banking.
This white paper captures the key insights from that discussion. It begins by examining the recent updates to the Wolfsberg Correspondent Banking Due Diligence Questionnaire (CBDDQ)—a critical tool in assessing financial crime risk in cross-border banking relationships. Participants discussed how these revisions are reshaping expectations and prompting institutions to reassess their due diligence processes.
The conversation then turned to the growing role of technology in transforming compliance functions. New tools are enabling the convergence of traditionally siloed AML activities—such as transaction monitoring, KYC, and adverse media screening—into more integrated, data-driven control frameworks. This shift is helping institutions build more holistic and responsive approaches to financial crime risk management.
The white paper offers practical reflections on how firms can adapt to these changes, highlighting both the challenges and opportunities presented by regulatory updates and emerging technologies.
Access the full white paper below. For further information or to discuss the implications for your organisation, get in touch.
