Belize

Belize

The Central Bank of Belize has chosen Swift’s Sanctions Screening solution to combat financial crime and put in compliance controls.

The bank says: “Implementing the right compliance controls within an organisation is not only a regulatory responsibility, but also a priority for global security.”

Juan Martínez, managing director Latin America and the Caribbean, Swift, says compliance and cybersecurity challenges are become “increasingly sophisticated”.

Since its launch in 2012, Swift’s Sanctions Screening service has been adopted by more than 650 customers in more than 140 countries. There are also 27 central banks using the service.

Swift’s Compliance Services unit manages a portfolio of financial crime compliance services in the areas of sanctions, know your customer (KYC) and anti-money laundering (AML). The portfolio includes Sanctions Screening, Sanctions Testing and Name Screening solutions, Compliance Analytics and Payments Data Quality services, and the KYC Registry.

In November, eight central banks in Latin America adopted Swift’s financial crime compliance solutions.


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Deadline for submitting the nominations is 25 August 2017.

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