SWIFT has released a set of security standards that will be mandatory for all SWIFT customers. As SWIFT registered partners, Grant Thornton has been supporting clients and the SWIFT community in assessing and implementing SWIFT security practices.
For this reason, we are uniquely positioned to help you achieve compliance with your SWIFT internal attestation, audit or third party inspection. Due to recent high profile thefts and cyber security breaches in multiple banks, the new security standard has been introduced to establish a baseline security requirement across the community. To ensure compliance, SWIFT requires all customers to submit their self-attestation status into SWIFT’s online KYC Registry by end of 2017 and annually thereafter. To foster transparency, customers can allow their counter-parties to view their self-attestation status.