You can moderate comments in the More > Comments section.
By default the list shows all comments, approved and unapproved. To show only unapproved check the "Show unapproved only " and press the "Filter" button.
To receive a email when you need to approved a comment go to More > Settings > Notification tabs and enable the "Notify me on new comment " and "Only notify me on new unapproved comment" options.
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