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SWIFT Customer Security Programme Mandatory controls in 2021

The SWIFT Customer Security Controls Framework (CSCF) is composed of mandatory and advisory security controls for SWIFT users. The mandatory security controls establish a security baseline for the entire community. They must be implemented by all users on their local SWIFT infrastructure. SWIFT has chosen to prioritise these mandatory controls to set a realistic goal for near-term, tangible security gains and risk reduction.

Joining forces with international experts to support ISO 20022 migration

SWIFT brings together payments industry leaders to drive the transition of cross-border transactions to the ISO 20022 messaging standard ISO 20022 is set to become the de facto messaging standard for the payments industry. The decision to migrate to the standard, taken by the SWIFT community in September 2018, was prompted by the move to adopt ISO 20022 as the new norm for high-value payments by some of the world’s biggest payment market infrastructures.