MEJORES PRÁCTICAS DE COMPLIANCE PARA

RELACIONES DE CORRESPONSALÍA.

RETOS Y OPORTUNIDADES

Fedra Ware

33 Congreso Latinoamericano de Comercio Exterior

May 2017

The global

provider of

secure financial

messaging

services

SWIFT

in figures

6.5+ billion FIN messages per year (2016)

11,000+ SWIFT users

200+ Countries and territories

30.3 million FIN messages peak day (2016)

6.9% Increase in FIN traffic (2016)

SWIFT by the Numbers

Global reach with world-class performance

200+

Market Infrastructures

0

Lost Messages

99.999%

Network Availability

5 billion

Annual Messages

11,000+

Customers Countries

215

Countries ranked by FIN Traffic Sent - December 2016 YTD - Average Daily Volumes

FIN Traffic sent FIN Traffic received

Country Rank Dec YTD Growth Share Rank Dec YTD Growth Share

United States 2 4,727,788 8.0% 18.32% 2 5,730,171 8.8% 22.2%

Brazil 31 105,025 4.8% 0.41% 45 39,324 8.1% 0.2%

Mexico 34 84,265 0.6% 0.33% 35 62,382 10.1% 0.2%

Chile 43 54,832 5.5% 0.21% 44 40,428 8.0% 0.2%

Colombia 67 17,718 2.3% 0.07% 64 16,104 10.2% 0.1%

Venezuela 70 16,709 37.0% 0.06% 67 15,160 44.4% 0.1%

Dominican Rep. 75 14,030 44.7% 0.05% 71 14,863 41.9% 0.1%

Argentina 78 12,090 1.9% 0.05% 91 7,991 9.2% 0.0%

Peru 88 8,013 12.1% 0.03% 94 6,944 -3.0% 0.0%

Panama 89 7,737 6.9% 0.03% 84 9,895 -4.7% 0.0%

Uruguay 97 5,712 29.7% 0.02% 93 7,037 11.1% 0.0%

Costa Rica 104 4,114 9.4% 0.02% 104 4,710 9.0% 0.0%

Honduras 108 3,903 25.8% 0.02% 115 3,589 15.6% 0.0%

Ecuador 109 3,658 0.3% 0.01% 108 4,121 0.2% 0.0%

Guatemala 113 3,208 0.2% 0.01% 131 2,185 -11.8% 0.0%

Paraguay 126 2,143 22.8% 0.01% 140 1,887 5.2% 0.0%

Bolivia 129 1,934 32.7% 0.01% 126 2,439 25.5% 0.0%

El Salvador 139 1,339 14.4% 0.01% 133 2,074 -2.0% 0.0%

Nicaragua 143 1,190 25.2% 0.00% 138 1,950 24.2% 0.0%

Cuba 152 1,021 1.6% 0.00% 121 2,818 -0.5% 0.0%

Belize 200 197 -35.5% 0.00% 199 274 -31.0% 0.0%

LATAM TOTAL 348,839 1.35% 246,175 1.0%

GLOBAL TOTAL 25,808,976 6.5% 100.00% 25,808,976 6.5% 100.0%

$944Tn

2016 Global Avg Per Month

(12 X Global GDP)

$8.2Tn

2016 Latam Avg Per Month

(1.6 X Latam GDP)

7.3 Mn

2016 Latam Monthly Transactions

Community inspired compliance services

5

As an industry-owned cooperative and the global network for secure

financial communications and standards, SWIFT is uniquely placed to

help solve the financial crime compliance challenge through

collaborative efforts and innovation

Significant costs

at stake….

... Yet no competitive

advantage for banks

Financial crime is top of

the agenda for banks

All geographies / All types

of players impacted

Lots of duplication…

… for universal challenges

Designed and driven by the community for the community

Secure User control acces

Up-to-date

information

Data Verification

By SWIFT

Promotes

Standard

7

What is the concern?

2016 cases prove that the financial industry is at

serious risk of cyber-attack

Attacks are global, sophisticated, and here to stay!

“The attacks will continue

and get more sophisticated” Gottfried Leibbrandt, CEO, SWIFT

SWIFT Customer Security Programme “There are only two types of companies:

Those that have been hacked and those

that will be hacked” Robert S. Mueller, III, Director FBI

CSP | Modus Operandi

9

Step 1 Step 2

Attackers

compromise

customer's

environment

Attackers obtain

valid operator

credentials

Step 3

Attackers

submit

fraudulent

messages

Step 4

Attackers hide

the evidence

• Attackers are well-organised and sophisticated

• Common starting point has been a security breach in a

customer’s local environment

• There is no evidence that SWIFT’s network and core

messaging services have been compromised

SWIFTgpi

Enhancing the corporate

experience in cross-border

payments

21 Banks

successfully piloted

12 Banks exchanging

live gpi payments

100 gpi member

banks

60+ Country

corridors

224 Countries

75% of all payments

traffic on SWIFT

“YESTERDAY”

Traditional correspondent banking

− Slow, can take multiple days

− No transparency on costs

− No transparency on time

− No confirmation of credit

“TODAY”

SWIFT global payments innovation (gpi)

− Faster, same day* use of funds

− Transparency of fees

− End-to-end payments tracking

− Remittance information transferred unaltered

SWIFT gpi payments tracker