Monitoring, Screening and Searching - Wolfsberg Statement” Flashcards
1
Q
When did group releasedMonitoring, Screening and Searching
A
Sep 2003 and further updated in 2009
2
Q
what does this statement cover
A
it covered issues related to the development
of risk-based processes for monitoring, screening and searching transactions and customers.
3
Q
what did the updated document discussed
A
his document discussed the need for appropriate monitoring of transac-
tions and customers to identify potentially unusual or suspicious activity and transactions, and for
reporting such to competent authorities.
