FTB confirms compliance with the SWIFT CSP Framework

Challenges

• Foreign Trade Bank of Cambodia (FTB) required additional resources to understand the scope of the complex SWIFT CSP framework and to comply with the controls and the new methodology requirements
• Changes introduced in July 2021 meant that as a SWIFT user, FTB must submit an independent assessment when complying with the framework

Solution

Bottomline SWIFT Customer Security Programme

• Following a Bottomline hosted SWIFT CSP webinar, FTB partnered with Bottomline and their SWIFT certified cyber security partner to ensure the audit and independent assessment were submitted on time

Results

• FTB ensured regulatory compliance with National Bank of Cambodia Technology Risk Management Guidelines Clause 3.6.4 SWIFT Security and the SWIFT CSP
• The process has better prepared FTB for future audits, with the continuing support from Bottomline