Wolfsberg Report Casts Light on Path Forward for Crypto Risk Management
Key Takeaways
- New analysis provides insights into managing AML risks for digital asset entities
- Detailed recommendation for modern risk management design
- “Homework” will need to be done by market participants to ensure future compliance
In September 2025, the Wolfsberg Group (“WG”)—an association of 12 global banks that publishes guidance for financial crime risk management—released its guidance (the “Guidance”) on the provision of banking services to fiat-backed stablecoin issuers. Given the prominence of the WG and its status in providing best practices for the industry and the rapid uptake in U.S. stablecoin issuance likely to be supercharged by the recently passed GENIUS Act, the Guidance…
