Tuesday 07, January 2014 by Matthew Amlôt

SWIFT announces KYC Registry and dedicated Financial Crime Compliance unit

SWIFT announces the creation of a global Know Your Customer (KYC) Registry, a centralised utility for the collection and distribution of standard information required by banks as part of their due diligence processes. Based on a collaborative industry-wide approach, the new utility will help banks to manage compliance challenges and reduce the high costs associated with implementing KYC-related regulations.

Features & Analyses

Consumer Banking Preserving excellence

Speaking exclusively to Nabilah Annuar, Editor, Banker Middle East, Mubarak Abdullah Al-Khafrah, Chairman of Alawwal Bank discusses… read more