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.

https://www.wolfsberg-principles.com/sites/default/files/wb/Wolfsberg%20RFI%20Best%20Practice%20Guidance.pdf

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