At the 50th Felaban Annual Assembly, SWIFT announced that eight central banks in Latin America have adopted SWIFT’s Financial Crime Compliance solutions to enhance transparency and combat financial crime. The central banks of Belize, Bolivia, Costa Rica, Curacao, Dominican Republic, Ecuador, Haiti and Paraguay, have implemented SWIFT’s financial crime compliance solutions, including SWIFT’s KYC Registry and Sanctions Screening. In addition to adopting the KYC Registry themselves, some of the central banks have also endorsed the adoption of the KYC Registry across their entire jurisdictions. As a result of this regional effort, the number of institutions adopting SWIFT’s financial crime compliance tools in the region has nearly doubled in less than 12 months.
November 9, 2016