2017年-SWIFT环球同业银行金融电讯_Compliance_Services_Newsletter_-_April_Edition_2017_1页_104kb

Compliance Services Newsletter Summary - April 2017

Core Content

This edition of the SWIFT Compliance Services Newsletter focuses on sanctions compliance, fraud prevention, and de-risking in the financial industry. It highlights SWIFT's ongoing efforts to support its customers in maintaining secure and compliant operations through various services, updates, and events.

Main Topics and Key Information

1. Sanctions Compliance

• 7 Questions to Ask When Choosing a Sanctions List Provider: This article emphasizes the importance of selecting a reliable sanctions list provider to avoid missing specific names that could lead to compliance failures. It outlines practical considerations for institutions, such as data quality, update frequency, and integration capabilities with existing systems.
• SWIFT's Role in Sanctions Compliance: SWIFT provides updated sanctions list data and tools to help institutions effectively screen transactions and names.

2. Fraud Prevention and Security

• SWIFT Launches New Payment Controls Anti-Fraud Service: A new real-time payment controls service has been introduced to enhance fraud prevention. This service is part of SWIFT's Customer Security Programme (CSP) and aims to improve security and trust in the global financial community.
• Payments Best Practices: The CSP helps customers secure their local environments, manage counterparty risk, and protect the broader financial community through best practices and tools like Daily Validation Reports.

3. De-risking and Financial Inclusion

• Correspondent Banking Relationships (CBRs): CBRs are vital for enabling cross-border transactions and access to overseas financial products. However, they are not static and can be affected by de-risking practices.
• Community Engagement: The article suggests that community engagement is essential for banks to address de-risking challenges and promote financial inclusion.

Key Services and Updates

• SWIFT Sanctions Screening: Provides updated sanctions list data and screening capabilities.
• KYC Registry: A tool that helps financial institutions verify the identity of their clients and manage due diligence processes.
• Customer Security Programme (CSP): A comprehensive initiative to enhance security and compliance across the financial industry.

Events

• Sibos 2017 in Toronto: SWIFT is developing a compliance agenda that includes topics such as sanctions trends, fraud and cyber security, RegTech growth, and the role of collaboration in AML/CFT programs.
• Other SWIFT Compliance Events: Information on other compliance-related events hosted by SWIFT and its participation in global industry events is also available.

Additional Resources

• A free info paper is available for download, providing practical insights on choosing sanction lists.
• The newsletter mentions www.baogaoba.xyz as a source for real-time updates and reports, although it appears to be an external platform.

Conclusion

The April 2017 edition of the SWIFT Compliance Services Newsletter underscores the critical role of compliance in the financial industry, especially in the context of sanctions, fraud prevention, and de-risking. It highlights SWIFT's commitment to innovation and collaboration in enhancing security and ensuring regulatory adherence. The newsletter also encourages institutions to engage with their communities and leverage available resources to improve their compliance programs.