SWIFT expands Name Screening to support small firms and emerging markets in preventing financial crime
(WorldNews Belgium)

Toronto, 18 October 2017 - SWIFT has expanded its Name Screening service to enable smaller firms and institutions in emerging markets to screen customer databases against sanctions and Politically Exposed Persons (PEP) lists to prevent financial crime. Screening customer names is an important component in institutions` compliance with sanctions, anti-money laundering (AML), and customer due diligence (CDD) requirements. However, smaller firms and institutions in emerging markets often lack the resources needed to operate and maintain the complex and expensive screening solutions installed at larger organisations. SWIFT is addressing this need by offering Name Screening, a highly secure,...