A seven-step guide for effective sanctions list management
Swift’s Nicolas Stuckens talks to Money Laundering Bulletin.
What is KYC?
Know Your Customer (KYC) standards are designed to protect financial institutions against fraud, corruption, money laundering and terrorist financing.
Swift passes on €50 million one-time discount to its community following strong 2022 financial performance
The Swift Board has approved a one-time discount on messaging usage in 2022. This equates to a total of around €50 million that will be passed on to our community.
Pago FX: Harnessing the power of Swift to deliver easy, low-cost international payments
PagoFX is an international money transfer app that lets users send money abroad quickly, easily and at low cost, yet with all the trust and security of a regulated bank. PagoFX has chosen Swift’s infrastructure to connect and send payments seamlessly. The ambitious next step is instant cross-border payments, account to account, anywhere in the world.
Bringing frictionless payments to all
A truly modern payments system is one that is open and ubiquitous, and that enables the flow of money to everyone, everywhere. Golnaz Amininejad, Swift GPI product manager, explains how the Swift community is delivering exactly that.
EBRD joins Swift’s Know Your Customer Registry
Bank encourages financial institutions in countries where it invests to follow suit
Know Your Customer (KYC)
In an increasingly global economy, financial institutions are more vulnerable to illicit criminal activities. Know Your Customer (KYC) standards are designed to protect financial institutions against fraud, corruption, money laundering and terrorist financing.
What is changing?
The Eurosystem’s TARGET Services include TARGET2 (the real-time gross settlement (RTGS) system for settling payments), T2S (the securities settlement platform) and TIPS (the service for instant payments settlement). All of them settle in central bank money.
Swift Innotribe announces the five finalists of its Startup Challenge London
Brussels, 2 May 2014 - The Innotribe Startup Challenge attendees selected the five finalists from the European leg of its annual Startup Challenge to compete at Sibos Boston in October. Ten early-stage startups and five growth-stage innovators delivered compelling pitches to an audience of global innovators and investors, venture capitalists and industry experts. The showcase was held at Level39 in Canary Wharf on 1 May, in partnership with the Finextra Future Money conference.
Swift statement on compliance policy
Following recent press coverage, Chairman, Deputy Chairman and CEO provide statement to Swift community