Wolfsberg Group Updates Guidance on Swift RMA Due Diligence

12 January 2024

hand typing at laptop with secure payment compliance interface

Wolfsberg Group Updates Guidance on Swift RMA Due Diligence

The Wolfsberg Group has updated its guidance on Swift Relationship Management Application (RMA) Due Diligence.

The guidance covers:

Core principles for financial institutions;
The definition of a Non-Customer RMA Relationship;
Minimum Due-Diligence Procedures for Non-Customer RMAs; and
Suggested Procedures for Ongoing Management of RMAs.

Firms should use the guidance to manage non-customer RMAs and should view it as a supplement to the Wolfsberg Financial Crime Principles for Correspondent Banking issued in 2022.

Read the full guidance

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Wolfsberg Group Updates Guidance on Swift RMA Due Diligence

12 January 2024

Wolfsberg Group Updates Guidance on Swift RMA Due Diligence

The Wolfsberg Group has updated its guidance on Swift Relationship Management Application (RMA) Due Diligence.

Speak to us to request a demonstration

Plenitude are Financial Crime, Risk and Compliance specialists, offering advisory, transformation services and innovative cloud-based RegTech subscription products.

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