SWIFT Latin American Regional Conference (LARC) - 2014

Fedra Ware, Senior Business Manager, SWIFT Americas

Francisco Gabriel Romo Navarrete, Director Ejecutivo Contraloría Normativa,

Banco Santander (México), S.A de C.V.

James Wills, Senior Business Manager, SWIFT Americas

Jorge Osvaldo López García, Subdirector Monitoreo TI, Banorte

Administre su riesgo con los productos

de Cumplimiento de SWIFT

2

Programa de Cumplimiento AML

- Un sistema de controles internos para garantizar el

cumplimiento continúo.

- Pruebas independientes del cumplimiento AML.

- Designación de una o varias personas responsables de la

gestión del Cumplimiento.

- Capacitación del personal correspondiente.

SWIFT Latin American Regional Conference (LARC) - 2014 28-28 May 2014

3

Una Breve Reseña Histórica

-1970: Se aprueba en EE.UU. la BSA – Ley de Secreto Bancario

-1981: El Comité de Basilea publica “Secreto Bancario y Cooperación

Internacional en Supervisión Bancaria”

-1988: la ONU publica el informe sobre el Convenio contra el Tráfico Ilícito de

Drogas Narcóticas y Substancias Psicotrópicas

-1989: El G-7 forma el FATF-GAFI

-1990: El FAFT-GAFI publica las 40 Recomendaciones

-1990: Se crea el FinCEN

-1995: Se crea el Grupo Egmont (108 UIFs)

-2000: Se crea el Grupo Wolfsberg (11 instituciones financieras europeas)

-2000: Se crea GAFISUD (Grupo de Acción Financiera de Sudamérica)

-2001: Se promulga la USA PATRIOT Act

-2006: Se publica el Manual FFIEC

-2006: Mexico se incorpora a GAFISUD

-2009: EE.UU. Publica la Ley contra el Fraude

-2011: FinCEN emite reglamento final sobre “acceso prepagado”

-2012: FATF-GAFI actualiza las 40 Recomendaciones

SWIFT Latin American Regional Conference (LARC) - 2014 28-28 May 2014

Financial crime is top of

the agenda for banks

Significant costs

at stake….

... Yet no competitive

advantage for banks

A community issue calling for a community

solution …

Financial crime is top of

the agenda for banks

Significant costs

at stake….

All geographies / All types of

players impacted

... Yet no competitive

advantage for banks

Lots of duplication…

… for universal challenges

SWIFT Latin American Regional Conference (LARC) - 2014 28-28 May 2014 4

5

SWIFT Compliance Roadmap

FATF 16 Information quality

Compliance Analytics

Sanctions list

Mngt service

Sanctions KYC AML

Processing

services

Traffic analysis

Standards

Data repositories KYC registry

AML testing & tuning

Sanctions Screening

Sanctions Testing & tuning

(transaction & client systems)

Traffic restriction (RMA)

Live

Development

Qualification

Exploration

Quality

Assurance

Client/Name screening

SWIFT Latin American Regional Conference (LARC) - 2014 28-28 May 2014

6

More on SWIFT Sanctions Screening

service

SWIFT Latin American Regional Conference (LARC) - 2014 28-28 May 2014

Your institution

• A combination of best of breed:

– Filter application

– Sanctions List update service

• Centrally hosted and operated by SWIFT

• Real-time filtering service of FIN messages

• No local software installation & integration project

Sanctions screening service overview

Your correspondents

7 SWIFT Latin American Regional Conference (LARC) - 2014 28-28 May 2014

Service overview - as sender

8 SWIFT Latin American Regional Conference (LARC) - 2014 28-28 May 2014

Service overview - as receiver

9 SWIFT Latin American Regional Conference (LARC) - 2014 28-28 May 2014

29 Public lists supported

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• AU – Australia Department of Foreign Affairs and Trade

• AU - DFAT Countries Embargoes

• AU - DFAT Iran Specified Entities List

• CA – Canada Foreign Affairs and International Trade

• CA - FAIT Countries Embargoes

• CA - Office of the Superintendent of Financial Institutions

• CA - OSFI - United Nations Act Sanctions

• CN - People's Republic of China - Ministry of Public Security

• EU - EUROPE Countries Embargoes

• EU - European Official Journal

• FR - Journal Officiel français

• HK - Hong Kong Monetary Authority

• HK - HKMA Countries Embargoes

• JP - Ministry of Finance

• NL - Frozen Assets List - Dutch Government

• NZ - New Zealand Police

• SG - Singapore MAS - Investor Alert List

• CH - Switzerland Secrétariat d’Etat à l’Economie

• CH - SECO Countries Embargoes

• UK - Her Majestys Treasury

• UK - HMT Countries Embargoes

• UN - United Nations

• UN - UN Countries Embargoes

• US - Office of Foreign Assets Control SDN list

• US - OFAC Palestinian Legislative Council

• US - OFAC Part 561 list

• US - OFAC Foreign Sanctions Evaders

• US - Financial Crimes Enforcement Network

• US - OFAC Countries Embargoes

And you can add

your own private

list

(new)

(new)

(new)

Sanctions Screening – Benefits

• Cost efficiency

• Ready to use

• Easy to use

• Real time

• State of the art

• Security

• Resilience

• Operational

excellence

A service provided by

11 SWIFT Latin American Regional Conference (LARC) - 2014 28-28 May 2014

Q&A

?

SWIFT Latin American Regional Conference (LARC) - 2014 28-28 May 2014 12