2017年-SWIFT环球同业银行金融电讯_Compliance_Services_Newsletter_-_December_Edition_2016_1页_119kb

Compliance Services Newsletter Summary

Core Content

This newsletter outlines the key developments and initiatives in SWIFT's Financial Crime Compliance services in 2016, highlights upcoming efforts for 2017, and reflects on the outcomes of the Sibos 2016 conference in Geneva. It emphasizes SWIFT's role in addressing global compliance and cybersecurity challenges through innovative solutions and community collaboration.

Main Areas of Focus

SWIFT has expanded its compliance offerings in three key areas:

• KYC (Know Your Customer)
• Sanctions
• Compliance Analytics

These areas are central to helping banks manage compliance risks, reduce costs, and enhance transparency.

Key Accomplishments in 2016

• KYC Registry: Over 3,300 member banks have joined the KYC Registry in its first two years, representing more than two-thirds of all correspondent banking traffic. This has significantly increased the availability of KYC data, helping banks reduce time and costs on IT infrastructure contracts.
• Customer Security Programme: Launched in May 2016, this initiative strengthens the security of the global financial community against cyber threats. It includes the Daily Validation Reports, which enable banks to review transaction activity and identify risks.
• Sanctions Screening: Nearly 600 customer institutions use this service, which screens payments against sanctions lists. SWIFT plans to expand the types of traffic it can screen in 2017.
• Sanctions Testing: Over 15 of the world's top 20 banks use this tool to validate and improve their sanctions filter performance. It is a key part of DFS requirements in New York State.
• Compliance Analytics: Nearly 40 leading banks and over 900 end-users use Compliance Analytics to monitor and address compliance risks, including nested accounts and hidden payment flows. SWIFT has added Payments Data Quality to this portfolio and is developing Correspondent Monitoring tools.

Upcoming Developments in 2017

• Name Screening: A new secure online tool that allows institutions to screen single names against sanctions, PEP, and anti-stigma lists. It will be available in January 2017, with full database screening added later in the year.
• Correspondent Monitoring: A service to help banks monitor correspondent banking relationships and prioritize investigations as part of AML controls.
• Expanded Sanctions Offerings: SWIFT will introduce Name Screening, standardised list provision, and list management by the end of 2017, alongside its existing Sanctions Screening and Sanctions Testing services.

Cyber Security and De-risking

• De-risking: Banks are increasingly terminating relationships in high-risk markets like Africa and the Caribbean, raising concerns about financial exclusion. SWIFT is working to help banks in these markets maintain compliance while reducing costs.
• Cyber Security: SWIFT's Customer Security Programme aims to enhance the security of the global financial community by promoting both individual and collective measures to prevent and detect fraud.

Community Engagement and Collaboration

• SWIFT encourages banks to engage with its community to share information and best practices.
• The Sibos 2016 conference in Geneva highlighted the importance of collaboration and utility solutions in addressing compliance and cybersecurity challenges.
• SWIFT continues to support its members through webinars, case studies, and factsheets.

Call to Action

• Banks are urged to check the KYC Registry to access information from their correspondents.
• Institutions are encouraged to participate in webinars and contact SWIFT for assistance with compliance tools and data quality checks.
• SWIFT provides resources and tools to help banks meet new regulatory requirements and improve their compliance strategies.

Conclusion

SWIFT remains committed to supporting the global financial industry in its efforts to combat financial crime through innovation, collaboration, and comprehensive compliance solutions. With the launch of new services and continued expansion of existing ones, SWIFT aims to empower banks to navigate a complex regulatory landscape more effectively.