18 June 2014

SWIFT Expands Compliance Services Team with New Appointments

New additions underscore SWIFT's commitment to serving the industry's financial crime compliance needs in 2014 and beyond.

New York, June 18, 2014 - SWIFT today announces the appointments of Christopher Johnson and Fedra Ware as Practice Leads, Compliance Services, in the Americas.   

In these newly created positions, Johnson and Ware will lead SWIFT's efforts in financial crime compliance, as we build out a rich offering in the sanctions, Know Your Customer (KYC), and anti-money laundering (AML) domains, and beyond.  Compliance services are an increasingly important priority and growth area for SWIFT, and Johnson and Ware will work to address the evolving compliance needs of SWIFT's wide community of users.

Johnson joins SWIFT from BankersAccuity, where he focused on helping clients keep pace with regulations and market changes affecting the banking industry in North America and around the globe.  Previously, he held positions with Dow Jones & Company and MarketGrader.com.  Johnson will work out of SWIFT Americas' headquarters in New York.

Ware comes to SWIFT after a 12-year stint at the Florida International Bankers Association (FIBA), where she was integral to the success of FIBA's annual Anti Money Laundering and Compliance conference.  Ware will work out of the Miami/Fort Lauderdale area.

The addition of Johnson and Ware comes on the heels of the appointment of Luc Meurant as the head of SWIFT's Compliance Services unit, comprised of sanctions, KYC and AML industry experts who are building solutions to serve the needs of financial institutions worldwide.

"Johnson and Ware bring years of experience to SWIFT's recently formed financial crime compliance unit," says Luc Meurant, Head of Banking Markets & Compliance Services, SWIFT. "They are key hires with instrumental roles to play, particularly as SWIFT grows its suite of solutions designed to help clients stay abreast of an ever-evolving sanctions and regulatory landscape."

Chris Church, Chief Executive Americas, SWIFT, adds: "Compliance with financial crime regulation is placing significant strains on firms, particularly in the payments area. In response to our customers' demand for industry-wide solutions to streamline their compliance processes, cut costs and reduce risks, SWIFT is building out a team that will rise to the challenge."

SWIFT's Compliance Services team manages an expanding portfolio of financial crime compliance solutions from SWIFT, including SWIFT's KYC Registry, Sanctions Screening and Sanctions Testing tools, and Compliance Analytics, a new business intelligence tool that helps banks monitor and address financial crime risk.

 

Notes to editors:

About SWIFT's compliance services portfolio
SWIFT's compliance services portfolio includes Sanctions Screening, an off-the-shelf screening solution that helps institutions comply with multiple sanctions lists; and Sanctions Testing, a hosted platform that provides assurance of the effectiveness and increases the efficiency of sanctions filters and related financial crime compliance processes. It also includes a KYC Registry, a centralised utility for the collection and distribution of standard information required by banks as part of their due diligence processes.  In April 2014, SWIFT expanded its portfolio with the addition of Compliance Analytics, a business intelligence tool that helps banks monitor and address financial crime risk by leveraging their SWIFT traffic data.

About SWIFT
SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 10,000 financial institutions and corporations in 212 countries and territories. SWIFT enables its users to exchange automated, standardised financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest.

For more information, please visit http://www.swift.com/ or follow us on Twitter: @swiftcommunity and LinkedIn: SWIFT.

SWIFT
Beatriz Buendia
Tel: +1 212 455 1892
beatriz.buendia@SWIFT.com

Intermarket Communications
Jade Faugno
Tel: +1 212 754 5425
jfaugno@intermarket.com