Willful Blindness
It is known as conscious avoidance, a judicially-made doctrine that expands the definition of knowledge to include closing one’s eyes to the high probability that a fact exists.
Wire Transfer
A wire transfer is a method of electronically transferring funds from one entity or financial institution to another. It involves the direct transmission of money through a secure network, such as SWIFT (Society for Worldwide Interbank Financial Telecommunication), typically using banking systems or specialised transfer services.
Wolfsberg Group
The Wolfsberg Group is an association of thirteen global banks that aims to develop frameworks and guidance for managing financial crime risks, particularly in the areas of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT). The Group provides best practice standards and principles for financial institutions to enhance their AML/CFT controls and promote transparency and integrity […]