Guidance on the Provision of Banking Services to non-bank Payment Service Providers

The Wolfsberg Group published Guidance on the Provision of Banking Services to non-bank Payment Service Providers (PSP) on July 15, 2026, establishing a risk-based framework for financial institutions managing financial crime risk in non-bank PSP relationships. The guidance builds on the Group's correspondent banking work and 2023 Payment Transparency Standards, and incorporates the June 2025 updates to FATF Recommendation 16 on originator/beneficiary information in wire transfers. It covers the three main non-bank PSP business models along with partnership structures such as Banking-as-a-Service and Sponsored (FBO) Accounts, and sets out due diligence expectations covering business model risk, licensing, jurisdictional exposure, and the non-bank PSP's own financial crime controls.