Belize central bank toughens AML/CFT controls with Swift solution
Software scans payment messages in real time and alerts central bank of any suspicious transactions
The Central Bank of Belize has become the latest central bank to reinforce its payment system’s security infrastructure through screening software developed by Swift.
“The central bank decided to adopt the Swift sanctions screening solution to further enhance its AML [anti-money laundering] compliance regime in line with its commitment to the global fight against money laundering and terrorist financing,” deputy governor Marilyn Gardiner-Usher tells Central Banking.
Global payments messaging
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