15 December 2017

The road ahead for compliance

What’s in store for 2018?

In 2018, partnership and collaboration will continue to be critical success factors in the fight against financial crime. To successfully tackle financial crime, the industry needs access to the right information. And banks need to work with each other, with regulators and law enforcement authorities to share financial intelligence and allow the effective investigation of criminal activities when they arise.

Financial Crime Compliance in 2018swift_compliance_video_complianceatsiboswithlucmeurant.mp4

We’re already seeing the industry pulling together to design more robust and effective cybersecurity measures, as banks develop richer fraud control and monitoring environments to tackle cybercrime.

And a desire to improve the effectiveness and efficiency of banks’ financial compliance efforts was a resounding message heard across compliance stream sessions at Sibos 2017.

Financial Intelligence Sharing

Supporting your compliance needs

Financial crime compliance continues to be a key priority and we are building on our portfolio to meet evolving industry needs, with an increasing focus on sanctions, analytics and fraud prevention solutions.

  • Name Screening Batch: the addition of batch screening to SWIFT’s existing Name Screening service is a key development in the area of anti-money laundering checks
  • Fraud detection: a real-time fraud detection capability, Payment Controls, will be launched mid-2018 as part of our Customer Security Programme
  • Continued product upgrades are tailored to the needs of our community and helping to drive efficiency


Extended reading


Financial crime compliance

SWIFT’s comprehensive suite of financial crime compliance services covers sanctions, KYC and compliance analytics, helping you set the standard in transparency, regulatory compliance and operational insight.


Sibos 2017: Equipping the community to fight financial crime

SWIFT’s financial crime compliance portfolio expands in response to evolving industry needs

Sibos Issues Wrap-up 2017 – Compliance

Financial crime compliance experts call for a smarter approach, built on technology innovation, information-sharing, risk-based policies and common sense.

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