Wolfsberg Group's Paper on RFIs for Transaction Monitoring
The Wolfsberg Group has published a new guidance paper on Requests For Information (RFIs) used in transaction monitoring processes.
The guidance aims to improve awareness about the value of RFIs in the context of a correspondent banking relationship, and presents best practice guidance for both issuing and Respondent Institutions and to improve the overall effectiveness of the RFI process.
AML/CTF/CPF
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