Anti-Financial Crime & Financial Crime Compliance
Leadership | Insight | Network

Banking, Compliance, Financial Crime, News

NEWS: HSBC’s Jennifer Shasky Calvery and Deutsche’s Joseph Salama elected co-chairs of ‘Wolfsberg Group’

GROUP: The group is named after Château Wolfsberg (pictured) in north-eastern Switzerland where members first met in 2000 to develop AML principles for banking.

Jennifer Shasky Calvery from HSBC and Joseph Salama from Deutsche have been elected as new co-chairs of the Wolfsberg Group, it was announced Friday.

Jennifer is HSBC’s Group Head of Financial Crime Risk and Compliance. Joseph is Deutsche’s Global Head of Anti-Financial Crime and Group AML Officer.

The group is an association of 12 global banks which aims to develop frameworks and guidance for the management of financial crime risks.

Its members are senior financial crime compliance leaders who work to develop guidance on managing fincrime risk.

The new co-chairs succeed William Langford, MUFG Bank’s Global Head of Financial Crimes Compliance and Chief Compliance Officer for the Americas whose term concluded at the end of 2023, and Carolina Garces-Monterrubio whose term concluded when she left Santander at the end of 2023.

The group’s secretariat thanked William and Carolina for their leadership and energy on behalf of the Wolfsberg Group.

Before joining HSBC in 2016, Jennifer was the Director of the Financial Crimes Enforcement Network (FinCEN), the national financial crime regulatory agency housed within the US Department of the Treasury.

Prior to FinCEN, Jennifer spent 15 years at the US Department of Justice.
Joe joined Deutsche Bank in 2010 and has since held a number of roles including as General Counsel for Americas and Global Head of Litigation and Regulatory Enforcement.

AML Intelligence
We hope you enjoyed reading this article

If you would like unlimited access to AML Intelligence premium articles, newsletter delivered twice a week, access to our Global Bank Fines and Penalties database, free access to Boardroom Series events and much more, select one of our subscription options and become a subscriber!