This article illustrates an early example of corporate Collective Action, the Wolfsberg Group, and charts its development from its inception, in 1999, up to 2012. The Wolfsberg Group is an association of eleven banks that took its name from the Château Wolfsberg where the banks held their first meetings and where they continue to hold their annual forum.
The Basel Institute is delighted about and welcomes the Wolfsberg Group's endorsement of the United for Wildlife Financial Taskforce Mansion House Declaration. This is a significant step in gaining the active support of the financial sector in combating the multibillion-dollar illegal wildlife trade.
The Basel Institute is the implementing partner of the intelligence-sharing mechanism of the United for Wildlife Financial Taskforce, a groundbreaking initiative of the Royal Foundation.
This paper examines how the Wolfsberg Anti-Money Laundering Principles came into being. It charts their subsequent development and also looks at what the Wolfsberg Group of banks may tackle in the future.