Answers to your questions about KYC Registry

How many financial institutions are using this service?

Over 5,500 financial institutions and more than 60 central banks are using the KYC Registry across more than 200 countries and territories. We extended the service to corporate users in December 2019.

How has the SWIFT community been involved in its development?

The SWIFT community has been instrumental in the development of the KYC Registry. Working group members include the institutions listed below:

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Banks

  • Bank of America Merrill Lynch
  • BNP Paribas
  • Citi
  • Commerzbank
  • Crédit Agricole
  • Credit Suisse
  • Danske Bank
  • DBS
  • Deutsche Bank
  • HSBC
  • J.P. Morgan
  • Raiffeisen Bank International
  • Santander
  • Société Générale
  • UniCredit

Corporates

  • Aon
  • Arcelor
  • Avnet
  • BMW
  • Booking
  • Chevron
  • DHL
  • FMG
  • Huawei
  • IATA
  • Pepper
  • Petronas
  • Seaboard
  • Siemens
  • Spotify
  • Unesco
  • Unilever
  • Wuerth Finance

 

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Who can use the KYC Registry?

The KYC Registry accepts information from correspondent banks and fund distributors, custodians and corporates. All SWIFT users can access the registry. Non-SWIFT users do not have access.v

What information does the KYC Registry cover?

A full list is available when you sign up, or by sending a request to: kyc.registry@swift.com

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Is the SWIFT KYC Registry secure?

Security and data protection have been at the core of SWIFT’s business for more than 40 years. We have controls in place that are designed to ensure adequate security, covering asset management, human resources, security, physical security, access control and application security, systems operations and management, networks and communications, security incident management and business continuity management. Our corporate security policy and standards are based on principles of ISO/IEC 27002:2005 (Code of Practice for Information Security Management), and we review our security measures on a regular basis.

How does the KYC registry support privacy laws?

The KYC Registry privacy policy sets out the roles and responsibilities of SWIFT and our customers relating to the collection and processing of private data in the context of the KYC Registry.

 

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What is the pricing model for the KYC Registry?

Pricing is based on data usage. Financial institutions can contribute data and share KYC information with counterparties free of charge through the KYC Registry. Access to counterparty KYC information is on a “pay-as-you-go” basis, so you only pay for the information you access.

Unit pricing is a single standard fee. Once access is authorised to that record set, all users in the institution can access and view it at no extra cost.

Which languages does the KYC Registry support?

Data entry is in English, with the exception of some fields that require names in local languages. Documents can be provided in any language, but must also be translated into English.

The following languages are officially supported for document validation: English, French, Spanish, Dutch and German. When a document is uploaded in one of the supported languages, SWIFT will validate both the original document and its English translation (if provided). If a document is uploaded in a non-supported language, SWIFT will publish the document without validation and only validate its English translation (if provided).

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