SWIFT Benelux Forum

23 April 2015

Compliance Analytics

Hendrik Ooghe, Product Manager Compliance Analytics

Tom Callaert, Business Intelligence EMEA

Financial crime risk has changed

Need to know …. need to know everything, everywhere

Introducing Compliance Analytics Leveraging SWIFT traffic data for risk monitoring

• Enterprise risk assessment

• Correspondent

risk assessment

• Identify flows originating/ ending in country with sanctions

• Reconciliation with sanctions filter alerts

• Exposure to newly sanctioned entities or countries

Typical areas where Compliance Analytics will

bring value

Risk assessments

• Country reviews

• Compare anticipatory behaviour against country standards

• Periodic reviews to ensure activity is in line with anticipated risk

• Event driven reviews

Customer Due Diligence

• De-risking

• Nesting

• Bad press on specific entities

Compliance investigations

• Volume reconciliation

• System tuning

Transaction monitoring

• Key Performance & Risk indicators

Metrics and dashboarding

Sanctions

Additional fields will be added in 2015

CA

CORRGB2L

BANKCHZZ

YE

ORIGCATT

BENEYESA

today

ER1136

100 MT103

Total value:

1,845,000 USD

100 MT103

Total value:

1,845,000 USD

(1):20:ACT3809538

(2):20:TREAS94029

…

(100):20:SECU8427

APPROVED

FATF16 rules

FIN

BI platform

FATF16 - Qualification

Measuring the quality of your payments data

• Provide assurance that expected

payments’ data is present

• Apply one set of commonly

accepted rules

• Tune rules based on risk

appetite and jurisdiction

• Provide neutral third party

reporting

• Provide benchmarks vs totals by

country, by region, vs peers (to

be qualified)

Testing Meeting regulatory demands

• Identify highest offenders

– By branch

– By correspondent

– By rule

– By risk classification (country,

correspondent)

• Measure improvements via trend

analysis

• Alert on unusual trends or

behaviour (e.g. good quality

gone bad, or systematic bad

behaviour)

Monitoring Continuous controls

• Additional verification in the FIN message flow

• No installation or integration required

• Log on to the reporting tool via swift.com

• SWIFT manages and maintains rules centrally

How does it work? Centrally hosted and managed by SWIFT

Focus on the country Mars

What do you want to know ?

• What is my activity ?

• Which of my entities

interact ?

• How does it evolve ?

• Who are my main

counterparties ?

• What is my activity share ?

1. Mars sends

2. To my entities in

3. Flows originate in

4. For beneficiaries in

What are the originating and beneficiary countries ?

What is the value I am receiving from counterparties

in Mars ?

• What is the proportion of

low / high value messages?

• How do these proportions

evolve over time?

• Are there any outliers?

Did I open RMA’s with counterparties in Mars ?

• Up to BIC8 level

• Status of the RMA

• Newly created over time

How do we make it easy for you ?

• Select and filter what you want to see

• Save views and come back to them later

• Download graphs and underlying data

• Consult a list of pre-configured reports

Pre-configured reports provide a shortcut

Roadmap

2015

• Payment reference (field 20)

• Originating / beneficiary institution

• Additional statistics

• Additional MT’s

• Platform upgrade

2016

• FATF16

• …

Key benefits

• Global dataset

• Benchmarking

• Community approach

• No integration