Obtaining the necessary originator data from ordering VASP and retaining a record.
Obtaining the necessary beneficiary data from the ordering VASP. This data needs to be verified by the beneficiary VASP to ensure the received data is accurate.
Obtaining the necessary data from the originator and maintaining a record thereof.
Screening the originator to confirm that the originator is not a sanctioned name.
Monitoring the transaction and reporting it should it raise any suspicions.