“As financial institutions face the growing list of Know Your Customer rules – aimed at combating money laundering – SWIFT just launched its latest tool to aid banks’ transparency and compliance efforts with the KYC regulations.
The financial messaging conglomerate’s CEO Gottfried Leibbrant announced Thursday (Dec. 11) that the SWIFT Know Your Customer Registry is now live to all correspondent banks.
The Registry is part of SWIFT’s work to strengthen compliance with the KYC regulations throughout the financial services industry. The venture allows banks to access the Registry’s data, which compiles information the banks need regarding compliance with the KYC and anti-money-laundering rules.”
read more>>