KYC Registry
A secure, global platform for exchanging KYC data and documentation
KYC Registry
Our KYC Registry offers a secure, standardised platform for customer due diligence, protecting the global financial system from money laundering and financing of illegal and criminal activities.
Over 7000 institutions use the KYC Registry for exchanging KYC data and documentation. And It's recognised as the established global standard for correspondent banking due diligence. Banks, corporates and non-banking financial institution (NBFI) customers of Swift use it to help simplify the KYC process across the community.
Benefits
Frequently Asked Questions
How many financial institutions are using this service?
Almost 6,000 financial institutions and more than 60 central banks are using our KYC Registry across more than 200 countries and territories. We extended the service to Swift connected corporates in December 2019.
How has the Swift community been involved in its development?
The Swift community has been instrumental in the development of the KYC Registry. Working group members include these institutions (see here)
Who can use KYC Registry?
The KYC Registry accepts information from correspondent banks and fund distributors, custodians and Swift connected corporates. All Swift users have access. Non-Swift users don’t have access.
What information does our KYC Registry cover?
A full list is available when you sign up, or by sending a request to: kyc.registry@swift.com
Is our KYC Registry secure?
Security and data protection have been at the core of our business for more than 40 years. We have controls in place to ensure adequate security, covering:
- asset management
- human resources
- security
- physical security
- access control and application security
- systems operations and management
- networks and communications
- security incident management
- business continuity management
Our corporate security policy and standards are based on principles of ISO/IEC 27002:2005 (Code of Practice for Information Security Management), and we review our security measures on a regular basis.
How does our KYC Registry support privacy laws?
Our KYC Registry privacy policy sets out the roles and responsibilities of Swift and our customers related to the collection and processing of private data.
What is the pricing model for the KYC Registry?
Customers can contribute data and share KYC information with counterparties free of charge through the registry.
Access to counterparty KYC information is based on data usage. You can do this on a pay-as-you-go basis, so you only pay for the information you access.
Unit pricing is a single standard fee. Once access to a record set is granted, all users in the institution can access and view it at no extra cost.
Which languages does the registry support?
Data entry is in English, with the exception of some fields that require names in local languages. Documents can be provided in any language, but we recommend translating them into English.
The following languages are supported for document validation: English, French, Spanish and Dutch. The language list is updated regularly. When a document is uploaded in one of the supported languages, we validate the original document and its English translation (if provided). If a document is uploaded in a non-supported language, we’ll publish the document without validation and only validate the English translation (if provided).
