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Hi Pals,

please share with me your experience in controlling names, vessels, carriers etc in issuing and receiving l/c.
reading the Wolfsberg Rules, it seems to me that, by exchanging Wolfsberg Questionnaire a bank has a knowledge of
its correspondent for KYC and AML, then may trust on the action of its correspondent that will apply due diligence
on the beneficiary, resulting one of its customer.
Hoping to have been clear I wait for your experience.

Thanks and ciao

Hi To the best of my knowledge, you are correct in your interpretation. Its the correspondent banking team who normally engage in this.