1. SWIFT Compliance Services Overview
Julien Laurent
SWIFT Financial Crime Compliance Division

2. SWIFT Compliance Services
Name Screening
Sanctions Screening
Sanctions Testing
List Management
Get support throughout the compliance and financial crime control process
Transaction
& customer
screening
Customer
due diligence
Customer
screening
Start Business
Behavioral
monitoring
Compliance Analytics
Payments Data Quality
RMA / RMA Plus
Bankers World Online
Name Screening
Leveraging more than 40 years of innovation and expertise, SWIFT’s comprehensive suite of financial crime compliance products enables you to set the standard in operational insight, transparency and regulatory compliance.
Ongoing due
diligence
The KYC Registry
The KYC Registry

3. SWIFT Compliance Services
Get support throughout the compliance and financial crime control process
Customer
due diligence
Customer
screening
Compliance Analytics
Payments Data Quality
Bankers World Online
Name Screening
The KYC Registry

4. Drive Adoption Promote Standards Design Roadmap Validate Features
Explains that SWIFT did not just invent this and decided content and approach by itself, but that we listen(ed) to the community when we decided about content, marketing approach, features, the whole process
This is ongoing, we meet UG banks every 6 months to fine tune the offering based on feedback provided by the industry – our owners!

5. Category I - Identification of the customer
Legal name, auditor, regulator, addresses, industry classification (SIC / NAICS)
Licenses incl passported licences, proof of regulation, certificate of incorporation and similar documentation
Category II – Ownership and management structure
Declaration of key UBO and shareholders: Full names and identifying data, incl bearer shares, trusts and foundations
Board of Directors Lists: Full names and identifying data
Group structure
Key financial data, annual reports, shareholder listings, certified group and organisational charts
Category III – Type of business and client base
Customer base, products offered incl downstream clearing, nested accounts, MSB services
Operating geographies, revenue by segment/country, sanctions
Category IV – Compliance information
CDD & EDD AML questionnaire incl policies & procedures, oversight & controls, ABC policies, screening, monitoring
AML docs: e.g. AML Controls, the NEW Wolfsberg 2017 Due Diligence Questionnaire, US Patriot Act
Category V – Tax information
TIN, GIIN,FATCA information & proof of registration, CRS status & certification, supportive documentation
Introduction to content. Repeats the confidential nature, and that SWIFT verifies
Important points are that all data comes for the bank in question (it is not a random collection of data from unknown sourses)
Mention that we will have the new Wolfsberg from September!
“The KYC Registry baseline v.2.0 covers more than 90% of our current KYC requirements. We expect to see significant cost savings over and above the existing efficiency gains.”
Gretchen Markel
External Utilities Lead, Global KYC Operations, HSBC

6. To date, more than 4150 financial institutions:
55 Central Banks & Monetary Authorities
2,250 + in Europe, Middle East and Africa
in Asia Pacific
750 + in the Americas
200 + countries
Adoption to date – to be updated frequently!!!!
Point out that KYCR is a global solution with very consistent market penetration in all regions of the world. Our market share in EMEA is very similar to APAC and US
Also point out that we are proud to have central banks on board. In many countries, central banks have regulatory oversight, and seeing them work with us is a strong (indirect) sign of endorsement

7. SWIFT Name Screening Service Single Name and Batch Screening
Lists of:
Politically Exposed Persons
Relatives & Close Associates
Sanctions Ownership
Other Official Lists (e.g. FBI)*
Adverse Media*
* Coming Soon
Your institution private lists
Multiple lists each with 10,000 entities
Sanctions Lists by SWIFT
Monitored
Validated
Enriched
Standardised
Including:
Databases
Retail Customers
Corporate Customers
Client Databases
Batch Screening
*Coming Q1 2018
Delta Screening
Screening Engine
Single Entity Screening
Case management
via GUI
Timeframe Time to compliance
Few weeks
Footprint Installation and Integration
Zero
Scope Formats screened
SWIFT Predefined Format
System performance Batch volume limitation
Up to 25 million records
Level 1
Level 2
Results
User(s) Interface authenticated via Secure Tokens

8. SWIFT Compliance Services
Name Screening
Sanctions Screening
Sanctions Testing
Get support throughout the compliance and financial crime control process
Transaction
& customer
screening
Customer
due diligence
Customer
screening
Start Business
Compliance Analytics
Payments Data Quality
RMA / RMA Plus
Bankers World Online
Name Screening
The KYC Registry

9. SWIFT Sanction Screening
Bank A
Bank B
SWIFT Network
Transactions Inbound or outbound
Transaction is delivered
(no hit or false positive)
Transaction abort notification (outbound)
Transaction is delivered flagged true hit (inbound)
User(s) Interface authenticated via Secure Tokens
SWIFT Sanction Screening Service
Case management
Level 1
Level 2
Timeframe Time to compliance
Few weeks
Footprint Installation and Integration
Zero
Scope Transaction screened
Fin Cat 1,2,4,7,9
System performance Volume limitation
Real time unlimited

10. Sanctions Testing: Overview
Define
test objective
Download
test files
Process
test files
Upload
hit results
View
test results
Formats
Settings
Lists
Automate • Repeat • Compare • Monitor
Exact match testing - evaluates the filters capabilities to match sanctioned names as they appear on the tested sanctions lists.
Risk information match testing - evaluates the filters capabilities to match additional risk information such as BICs and country names.
Fuzzy match testing - evaluates the filters capability to match variants of sanctioned names.

11. SWIFT Compliance Services
Name Screening
Sanctions Screening
Sanctions Testing
Get support throughout the compliance and financial crime control process
Transaction
& customer
screening
Customer
due diligence
Customer
screening
Start Business
Behavioral
monitoring
Compliance Analytics
Payments Data Quality
RMA / RMA Plus
Bankers World Online
Name Screening
The KYC Registry

12. Compliance Analytics: Overview
Track RMA status evolution over time
Geographic distribution of RMAs
Monitor correspondent relationships
RMA relationships in high-risk countries
Monitor hidden payment flows & nested activity Identify countries of origin and destination, and which institutions are involved
Compare relative distribution of transactions by value range
Track value range evolution over time
Spot anomalies in correspondent behaviour

13. SWIFT Compliance Services
Name Screening
Sanctions Screening
Sanctions Testing
List Management
Get support throughout the compliance and financial crime control process
Transaction
& customer
screening
Customer
due diligence
Customer
screening
Start Business
Behavioral
monitoring
Compliance Analytics
Payments Data Quality
RMA / RMA Plus
Bankers World Online
Name Screening
Leveraging more than 40 years of innovation and expertise, SWIFT’s comprehensive suite of financial crime compliance products enables you to set the standard in operational insight, transparency and regulatory compliance.
Ongoing due
diligence
The KYC Registry
The KYC Registry

14. Questions & Answers

15. Thank you!