Introducing Payments Data Quality – SWIFT’s new offering to support compliance with FATF Recommendation 16

SWAU 2016-09-26T09:30:00.000Z

roomCode
SWAU
Room
SWIFT Auditorium
Date
-
Simon Muir
Financial Crime Intelligence Product Manager
SWIFT
Brigitte De Wilde
Head of Financial Crime Intelligence and services
SWIFT
Lene Hedegaard Baltzarsen
Senior Financial Anti-Crime Manager
Nordea

SWIFT’s new Payments Data Quality service enables you to evaluate the overall quality of originator and beneficiary information in your SWIFT payment message traffic. This community driven shared service, hosted centrally by SWIFT, helps banks monitor compliance with legislation reflecting the Financial Action Task Force’s (FATF) Recommendation 16 for wire transfers. Learn how SWIFT’s new service provides a global, group-wide overview to help you identify key areas for improving originator and beneficiary information in your payments messages.

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