A method for transmitting and receiving a signal related to monitoring by a Service Capability Exposure Function (SCEF) in a wireless communication system is disclosed. The method includes receiving, from a Service Capability Server/Application Server (SCS/AS), a first request containing first information related to deletion for a monitoring configuration; transmitting, to a Home Subscriber Server (HSS), a second request containing second information related to deletion for the monitoring configuration, wherein the second monitoring request contains information indicating whether the second monitoring request is a request for deletion of all monitoring configuration of a subscriber.