Compliance Analytics
Germany compliance forum
Geertjan van Bochove, Manager Business Intelligence EMEA
June 2014
1.
Banking areas
that represent
high money
laundering risks
are attracting
increased
regulatory
scrutiny
Compliance Analyt...
Introducing
Compliance Analytics
from SWIFT
Compliance Analytics – 2014 – Confidentiality: Public
4Compliance Analytics – 2014 – Confidentiality: Public
Leverage SWIFT traffic data to address risk
We provide…
• Rich, accurate global dataset at
institutional and counterparty level
• Aggregated country data as a context...
Compliance Analytics – 2014 – Confidentiality: Public 6
• Enterprise risk
assessment
• Correspondent
risk assessment
• Ali...
Compliance Analytics – 2014 – Confidentiality: Public 7
Compare relative
distribution of
transactions by
value range
Track...
Compliance Analytics – 2014 – Confidentiality: Public 8
Track RMA status
evolution over time
•Geographic
distribution of R...
Compliance Analytics – 2014 – Confidentiality: Public 9
Monitor hidden payment flows & nested activity
Identify countries ...
10
Ongoing
• Proof of concept
testing with pilot banks
April 2014
• Open portal to selected pilots
• Launch announcement o...
More info: www.swift.com/complianceanalytics
compliance.analytics@swift.com
Compliance Analytics – 2014 – Confidentiality:...
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Compliance Analytics

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Compliance Analytics

  1. 1. Compliance Analytics Germany compliance forum Geertjan van Bochove, Manager Business Intelligence EMEA June 2014
  2. 2. 1. Banking areas that represent high money laundering risks are attracting increased regulatory scrutiny Compliance Analytics – 2014 – Confidentiality: Public 2 The context 2. Correspondent banking is a high-risk area – and is crucial to business growth and operations 3. Key growth areas must be prioritised whilst managing money laundering risks in a (cost-) effective manner 4. Analytics can help you identify and assess potential risk and respond more effectively
  3. 3. Introducing Compliance Analytics from SWIFT Compliance Analytics – 2014 – Confidentiality: Public
  4. 4. 4Compliance Analytics – 2014 – Confidentiality: Public Leverage SWIFT traffic data to address risk
  5. 5. We provide… • Rich, accurate global dataset at institutional and counterparty level • Aggregated country data as a context to your activity • Packaged reports showing risk concentration, behavioural anomalies, and unusual patterns or trends • Event-driven alerting Compliance Analytics – 2014 – Confidentiality: Public 5 Giving you… • Better understanding of your evolving business context • Single source of risk assessment for correspondent banking • Ability to prioritise activities • Proof of compliance with policies • Ability to anticipate emerging trends • Neutral third-party information management and reporting Compliance Analytics features & benefits Through • Single web portal – zero footprint • Interactive investigation tool
  6. 6. Compliance Analytics – 2014 – Confidentiality: Public 6 • Enterprise risk assessment • Correspondent risk assessment • Alignment with risk policies Risk Assessment • Compare anticipatory behaviour against country standards • Periodic reviews to ensure activity is in line with anticipated risk • Event driven reviews • Retrospective reviews Customer Due Diligence • FIU investigations • Country visits • Correspondent reviews Investigations and visits Transaction monitoring • Pre-calculated metrics • Key Performance / Risk Indicators Metrics and dashboarding • Volume reconciliation • Scenario optimisation • System tuning Compliance Analytics will bring value to…
  7. 7. Compliance Analytics – 2014 – Confidentiality: Public 7 Compare relative distribution of transactions by value range Track value range evolution over time Spot anomalies in correspondent behaviour
  8. 8. Compliance Analytics – 2014 – Confidentiality: Public 8 Track RMA status evolution over time •Geographic distribution of RMAs Monitor correspondent relationships •RMA relationships in high-risk countries
  9. 9. Compliance Analytics – 2014 – Confidentiality: Public 9 Monitor hidden payment flows & nested activity Identify countries of origin and destination, and which institutions are involved
  10. 10. 10 Ongoing • Proof of concept testing with pilot banks April 2014 • Open portal to selected pilots • Launch announcement on April 29 June 2014 • Commercial launch of Compliance Analytics Compliance Analytics – 2014 – Confidentiality: Public Proof of concept External access Live access Timeline Live in June 2014
  11. 11. More info: www.swift.com/complianceanalytics compliance.analytics@swift.com Compliance Analytics – 2014 – Confidentiality: Public 11 Thank you

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