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Previous statements and stories on compliance
 

Compliance

In Compliance

 Data Protection Policies SWIFT has decided to enhance its contractual documentation and to improve transparency with respect to the processing of message and traffic data. In doing so, SWIFT has been assisted by a working group of data protection and compliance experts from European and non-European SWIFT users.

  UST Subpoenas After the attacks of September 11, 2001, the US Treasury Department (UST) launched the Terrorist Finance Tracking Program (TFTP). The UST can issue subpoenas for terrorist-related data. In February 2009, the European Commission confirmed that the UST respects the safeguards in the handling of personal data obtained from SWIFT. In December 2008, the Belgian data protection commission had already concluded that SWIFT complied with all applicable Belgian data protection legislation.

  Fighting illegal financial activities Given its importance in the financial community, SWIFT cooperates in good faith with authorities in the fight against illegal activities.