A meeting with senior representatives of Tajik credit organizations took place at the National Bank of Tajikistan (NBT) on December 21 to discuss issues related to bringing their activities in compliance with requirements of the Society for Worldwide Interbank Financial Telecommunication (SWIFT), according to the NBT press center.
Speaking at the meeting, the head of the NBT department for SWIFT technical support, Bakhtiyor Yahyoev, noted that all Tajik credit organizations had undergone attestation on compliance with the SWIFT Customer Security Program (CSP), which aims to improve information sharing throughout the banking community, enhance SWIFT-related tools for customers and provide audit frameworks.
The growing threat of cyberattacks has reportedly never been more pressing. As an industry cooperative, SWIFT is committed to playing an important role in reinforcing and safeguarding the security of the wider ecosystem. Therefore, it has launched the Customer Security Program (CSP), through which SWIFT shares best practices for fraud detection and enhance support by third party providers.
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment. SWIFT also sells software and services to financial institutions, much of it for use on the SWIFTNet Network, and ISO 9362. Business Identifier Codes (BICs, previously Bank Identifier Codes) are popularly known as "SWIFT codes".
The majority of international interbank messages use the SWIFT network. SWIFT is a cooperative society under Belgian law owned by its member financial institutions with offices around the world. SWIFT headquarters are in La Hulpe, Belgium, near Brussels.
