Tanzania Central Bank urges shift to digital payments to fight fake currency

In an effort to combat counterfeit currency, residents of Geita Region have been advised to adopt digital payment systems to secure their funds and prevent fraudulent losses.

The call was made on Thursday, July 23, 2026, by Bank of Tanzania (BoT) public relations officer, Mr Sadi Makomba, during a seminar on proper banknote care and detection of counterfeit currency.

The event, held at Nyerere Hall within the Dr Samia Suluhu Hassan exhibition grounds in Bombambili Ward, Geita Municipality, targeted small-scale miners, masters of ceremonies (MCs), musicians, and entrepreneurs. Mr Makomba explained that the central bank targeted Geita due to its rapidly expanding economy driven by mining activities, which generate high cash circulation.

He noted that beyond enhancing individual financial security, digital channels, such as mobile money and electronic banking, boost national economic growth by keeping funds within formal financial channels.

Additionally, digital transactions reduce the government’s expenditure on replacing worn banknotes.

‘We consistently advocate for digital payments to prevent financial losses. Digital channels also reduce physical wear and tear on banknotes as more transactions move to mobile platforms and automated teller machines,’ said Mr Makomba.

‘Mismanaging banknotes inflicts significant economic losses on the country because currency production requires foreign exchange. Educating the public is essential to mitigate these recurring costs,’ he said.

Participants commended the central bank for the training and recommended extending the sessions directly to workplaces and forming financial education clubs in schools and colleges.

A small-scale miner, Ms Teonestina Christopher, emphasised the relevance of the training to the mining sector, noting that miners work under arduous conditions and require knowledge to protect their earnings from counterfeiters and fraud.

A Bongo Flava artist, Ms Maria Faustine, said the education would enable musicians and event hosts to discourage the unlawful practice of spraying or sticking banknotes onto performers during celebrations.

Wanted Dawlah bomb-maker trained by ‘Marwan’ arrested

A long-wanted member of the now-defunct Dawlah Islamiya, well-versed in the fabrication of large improvised explosive devices, was arrested by policemen and soldiers in Mamasapano, Maguindanao del Sur on Tuesday, July 21.

Local executives in different towns in Maguindanao del Sur, Moro datus and relatives of the now-detained 38-year-old Muslimin Sangila Amilil told reporters on Thursday that he is an expert maker of bombs using either ammonium nitrate or potassium chlorate as blasting charges, packed with nails and metal fragments with jagged edges.

They also corroborated assertions by police and Army officials that he was trained in assembling home-made bombs, which can be detonated from a distance using mobile phones, by the Malaysian terrorist Zulkifli Bin Hir, most known as “Marwan,” who was killed in a gunfight with personnel of the Special Action Force of the Philippine National Police in a brief clash in Pidsandawan area in Mamasapano on Jan. 25, 2015.

Local executives said Amilil is also wanted for his involvement in the ambush on March 28, 2026, near the Maguindanao del Sur provincial police headquarters in Shariff Aguak municipality, of policemen riding a patrol vehicle, killing five of them instantly and injuring three others.

Capt. Steffie Salanguit, spokesperson of the Police Regional Office-Bangsamoro Autonomous Region, said on Thursday that Amilil was cornered and arrested on Tuesday afternoon in a secluded area in Barangay Tukanalipao in Mamasapano by personnel of different units led by Col. Michael John Mangahis, director of the Maguindanao del Sur Provincial Police Office.

Salanguit and Mangahis separately told reporters that soldiers from the Army’s 34th Infantry Battalion, led by Lt. Col. Edgardo Batinay, and intelligence agents under the 601st Infantry Brigade of the 6th Infantry Division assisted the operation in anticipation of a possible encounter between Amilil and other remnants of the Dawlah Islamiya holding out in Barangay Tukanalipao.

Policemen and soldiers first searched for Amilil in his hideout in Barangay Duguengen in Shariff Saydonaff Saydona Mustapha, Maguindanao del Sur but did not find him there. They instead arrested his 36-year-old wife, Aiza Awab Amilil, when they found three 5.56 M16 rifles, a 7.62 M14 and three homemade bombs in their house, where they first searched for him with the help of barangay officials and villagers in Barangay Duguengen.

With the support of local executives, Moro datus and officials of the Shariff Saydona Municipal Police Station, the policemen and soldiers dispatched to arrest Amilil managed to locate and arrest him, an hour later, in an isolated area in Barangay Tukanalipao, about two six kilometers away.

He is now locked in a police detention facility, awaiting prosecution in different courts for his high-profile criminal offenses.

Alas geared-up for turnaround?

As promised, Alas Pilipinas coach Angiolino Frigoni is sticking to his guns, the same ones he coached in a poor fifth-place showing in the men’s SEA V Cup first leg in Candon City, llocos Sur last week..

While the battle-tested Italian mentor isn’t promising the moon, he is of the belief that a bright future awaits his charges.

But Alas will be tested anew as it clashes with old, familiar foe, SEA V Cup first leg champion and conqueror Cambodia in today’s second and last leg of this annual event over in Jakarta, Indonesia.

Dynamo Josh Ybañez, named Best Libero in Candon, will spearhead the same squad that also features fellow World Championship veterans Lloyd Josafat, Louie Ramirez and Vince Lorenzo, and Southeast Asian Games beach volley medalist Jude Garcia.

Also in fold are Jian Salarzon, Axel Van Book, JJ Macam, Al Bukhari Sali, Rodge Alejos, Trevor Valerra, Lirick Mendoza, Josh Magalaman, Greg Ancheta, Adrian Villados and Vennie Ceballos.

Frigoni is steadfast that while the door is still open for Alas players who missed out joining the team in Candon, they would have to work and compete to reclaim their old spots.

Among those who weren’t in Candon due to various reasons were Bryan Bagunas, Marck Espejo and Leo Ordiales.

Alas is determined to get back at Cambodia after the former succumbed to the latter in a five-set duel that led to the Nationals’ fifth-place finish.

Historic milestone: GL Group becomes first Azerbaijani company to acquire four oil and gas assets in US [PHOTOS]

GL Group, Azerbaijan’s first privately-owned group of oil and gas companies, today in Houston, Texas, U.S.A., announced that it has completed the acquisition of upstream oil and gas assets in four producing oil and gas fields near Midland, Texas, U.S.A., comprising more than 200 active producing wells, and has formally assumed 100% operatorship of the assets. The transaction makes GL Group the first Azerbaijani group to own and operate producing upstream oil and gas assets in the United States, marking a historic milestone for Azerbaijan’s private oil and gas sector and expanding its presence into the heart of the U.S. energy industry.

Located within the Permian Basin, the acquired assets place GL Group in the largest oil-producing region in the United States and one of the world’s principal centers of onshore oil and gas activity. Spanning West Texas and southeastern New Mexico, the Permian Basin covers approximately 223,000 square kilometers. In 2025, the basin produced approximately 6.6 million barrels of crude oil per day, representing nearly half of total U.S. production and more than 8% of global crude oil output. The basin also produced approximately 27.6 billion cubic feet of marketed natural gas per day in 2025, equal to about 23% of U.S. marketed gas production and nearly 7% of global natural gas production.

For GL Group, becoming both the owner and operator of producing assets in a basin of this scale, technical sophistication and competitive intensity represent a significant milestone. The acquisition advances GL Group’s international growth strategy following its entry into Trkiye’s upstream market in 2024. The Texas acquisition establishes a solid foundation for GL Group’s further growth in the United States and other international oil and gas markets.

For GL Group, becoming both the owner and operator of producing assets in a basin of this scale, technical sophistication and competitive intensity represents a significant milestone. The acquisition advances GL Group’s international growth strategy following its entry into Trkiye’s upstream market in 2024. The Texas acquisition establishes a solid foundation for GL Group’s further growth in the United States and other international oil and gas markets.

This acquisition reflects more than a year of rigorous evaluation, careful partnership building, and a deliberate country entry strategy delivered through the leadership, professionalism, discipline and commitment of the team. It stands as a clear milestone in GL Group’s strategic, operational, and investment objectives.

‘This is a proud moment for everyone at GL Group. This acquisition is a strategic milestone that establishes our presence in the world’s largest and most competitive upstream oil and gas market. It reflects our long-term vision of building a diversified international upstream business and creates a strong platform for sustained growth in the United States,’ said Asif Zeynalov, CEO and Chairman of the Advisory Board of GL Group. ‘This is our first, but very important step into the US market. We will continue to grow and expand our presence.’

Caap unveils air traffic simulators to train more aviation personnel

The Civil Aviation Authority of the Philippines (Caap) on Thursday announced the inauguration of new air traffic control simulators that will be used in training aviation personnel as part of efforts to address the shortage of staff in regional airports.

In a statement, Caap said its new Aerodrome, Enroute, and Approach Simulators will help strengthen its Comprehensive Air Traffic Service Training Program by providing ‘highly realistic, scenario-based simulation training.’

‘The Caap, especially the Air Traffic Service, have long wished for new and top-of-the-line simulators, and now, we see that their dream has come true. This is a world-class, state-of-the-art, top-of-the-line [simulator]-it is a market leader, so we can say we are no longer being left behind,’ said CAAP Director General Raul del Rosario.

Caap noted that its training program is ‘designed to replicate the different phases of an aircraft’s flight’ and utilizes systems and tools that are used in actual air traffic control environments, allowing trainees to experience ‘realistic operational scenarios in a controlled setting.’

The new simulators, which cost P253 million, will help trainees develop skills such as ‘situational awareness, sound decision-making, effective coordination, precise communication, and management of complex traffic situations.’

‘The simulators will likewise reduce reliance on live operational traffic as the primary training environment, providing a safer and more structured transition from classroom instruction to actual operations,’ said Caap.

Del Rosario added that upgrading Caap’s training system will help improve aviation safety and address the shortage of air traffic controller personnel in regional airports, noting that many of them are choosing to leave the country for ‘lucrative jobs’ overseas.

In the same statement, Acting Transportation Secretary Giovanni Lopez explained that Caap provides free specialized air traffic training to students under its air traffic controller program.

Those who aspire to be air traffic management officers are also guaranteed to get employment in the country’s airports once they pass a qualifying exam, he added.

‘Those who enter and want to train here, they do not pay any tuition fee to our government or Caap. They just need to finish their four-year course as well as a written exam and aptitude test,’ said Lopez

Nigeria’s new era of free, fair, credible elections

Since his assumption of office in October 2025 as the Chairman of the Independent National Electoral Commission (INEC) following his appointment by President Bola Ahmed Tinubu, Prof. Joash Ojo Amupitan, SAN, has superintended over the conduct of two off-cycle gubernatorial elections as well as some National Assembly and State Assembly elections. Those elections served as the first litmus tests of his preparedness for the office and, perhaps, of his competence as the new chief election manager in the country.

The two governorship elections – Anambra State in November 2025, and Ekiti State in June 2026 – generated huge public interest and triggered massive conversations around the sanctity of the ballot, seamless logistic arrangements, conduct of election officials, and the need for effective security architecture during the elections. Concerns about election results collation and the need for real-time electronic transmission of results also dominated conversations. Many public commentators called for a paradigm shift and a new election template from the rancorous, opaque, and violence-prone system of the immediate past era.

Indeed, some public affairs analysts and political watchers who have witnessed many electoral seasons and the social cataclysms often associated with them have made a general characterisation of election cycles in the country as chaotic, fraud prone, and falling below the threshold of internationally acceptable contests. Nigeria’s electoral activities have often been characterized by irregularities, including vote rigging, violence, voter intimidation, vote buying, logistical shortcomings, delayed deployment of election materials, and allegations of bias by the electoral commission. These issues have continued to cast doubt on the credibility and transparency of the nation’s democratic process.

A political researcher, Shankyula T. Samuel, in his work titled *Political Thuggery in Nigeria and Elections and The Law,* notes that Nigeria’s political journey in the past two decades has been fraught with objectionable patterns which consign its democracy to a repugnant state. ‘The relevance of an election in a democratic setting cannot be overemphasized. An electoral process, depending on how free, fair, and credible it is, will either make or mar a democratic system… There is no gainsaying the fact that in the past series of elections held in Nigerian between 1999, 2003 and 2007, activities of thugs have taken a centre stage thereby breeding a feeling of resentment among members of the public,’ he observes.

Similarly, the Nigeria Civil Society Situation Room, a coalition of civil society organisations in the country, made a forceful point for democratic growth and consolidation in the country. In a piece titled ‘The Challenge of Finding an Independent Umpire,’ the group stresses the importance of having an electoral institution that is above board, non-partisan, and transparent.

‘The Independent National Electoral Commission (INEC) is created under Section 153 of the 1999 Nigerian Constitution (as amended). INEC is charged with the responsibility of conducting credible elections in the country. In recent times, there has been a huge challenge of partisan elements finding their way into the different levels of INEC, either through nomination by politicians or turning partisan upon appointment.The challenge for Nigeria at this time is to achieve a truly unbiased and non-

partisan election management body,’ the group said.

However, post-election assessments by political analysts, election observers, and other stakeholders since November 2025 when Prof. Amupitan mounted the saddle at INEC, have largely awarded the election refree an impressive scorecard, reflecting significant improvements in the conduct of elections across the country. The reports commended the Commission for its enhanced election management, marked by the timely deployment of electoral materials, effective handling of logistical challenges, and the seamless coordination of polling activities.

The reviews also highlighted greater transparency in the collation and transmission of election results, which contributed to increased public confidence in the electoral process. Furthermore, INEC was widely praised for demonstrating a high level of impartiality and professionalism, with observers noting the Commission’s non-partisan disposition in the discharge of its constitutional responsibilities.

Overall, the favourable assessments portray a noticeable departure from the shortcomings that had characterized previous electoral cycles, suggesting meaningful progress towards more credible, transparent, and efficiently conducted elections in Nigeria.

YIAGA Africa, a non-profit, civic organisation dedicated to democratic governance and civic participation in Nigeria and in Africa, awarded INEC under Prof. Amupitan, an excellent assessment in all the elections conducted since November 2025, while also recommending areas for improvements.

On the June 2026 Ekiti State gubernatorial election, the NGO averred that the official results announced by the commission accurately reflected votes cast at polling units across the state. The INEC Chief Returning Officer and Vice Chancellor of Federal University of Technology, Akure(FUTA), Professor Adenike Oladiji, declared incumbent Governor Biodun Oyebanji of the All Progressives’ Congress (APC) winner after polling 319,224 votes to defeat the candidate of the People’s Democratic Party(PDP), Dr. Wole Oluyede, who came a distant second with 40,543 votes.

In its final assessment of the poll, Yiaga Africa stated that its Watching The Vote (WTV) Parallel Vote Tabulation (PVT) findings showed that the results declared by INEC fell within its estimated range, indicating that the outcome announced by the electoral umpire was consistent with ballots counted at polling units. Its Chair of the 2026 Ekiti Election Observation Mission, Dr. Aisha Abdullahi, and the Executive Director of the organisation, Samson Itodo, while presenting the report, noted that the alignment between INEC’s official figures and its independent verification exercise demonstrated that the election results were not manipulated during collation at the ward, local government or state levels.

‘INEC’s official results for the 2026 Ekiti State Governorship Election are consistent with Yiaga Africa’s WTV estimate, as they fall within Yiaga Africa’s estimated range. This indicates that the official results, as announced, reflect the ballots counted at polling units’, the CSO said. It explained that if the results had been substantially altered during the collation process, the final figures would have fallen outside the statistical ranges generated through its PVT methodology. It stressed that the consistency of the results specifically confirmed the accuracy of polling-unit result tabulation.

Similarly, the Situation Room gave its verdict on the Ekiti guber election, affirming a credible election and passing a satisfactory assessment of the poll. Situation Room noted that the Ekiti State Governorship Election was conducted in a largely peaceful atmosphere across the State.

‘Reports received from accredited observers and citizen observers through the SEAT App indicated that election officials and materials arrived on time in a majority of polling units observed between 7:00am and 8:00am. Following deployment, polls commenced early in approximately 92 percent of polling,’ the Situation Room said. It added that the Bimodal Voter Accreditation System (BVAS) functioned satisfactorily in most observed locations.

Observers’ reports on the November 2025 Anambra State governorship election also revealed remarkable progress in the nation’s electoral process. The observer groups were unanimous that the election was in line with international best practice. Incumbent Governor Chukwuma Soludo polled over 400,000 votes to defeat his opponents at the poll.

Yiaga Africa also affirmed that the official results of the Anambra State governorship election, as announced by the Independent National Electoral Commission (INEC), aligned with findings from its Process and Results Verification for Transparency (PRVT) exercise.

In its post-election assessment, the group said the election outcomes were independently verified by the Anambra Election Observation Hub, a coalition of civil society organisations that monitored the poll across the state. In a statement signed by the Chair of the 2025 Anambra Election Mission, Dr Asmau Maikudi, and Executive Director of Yiaga Africa, Samson Itodo, the group stated that the consistency between its PRVT estimates and INEC’s official figures reinforces confidence in the credibility and transparency of the electoral process.

These findings were corroborated by the United Nations election observer, Jim Oko, who described the Anambra State governorship election as being ‘in line with international best practices.” Oko, who is the National Coordinator of Nouvel Perspective International, a UN-accredited election observation organisation, stated this in Awka in an interview with newsmen after the election result was announced.

With the positive and progress-affirming reports and assessments of credible independent electoral process and the confidence building election management by INEC under Prof. Amupitan, Nigeria may have finally turned the corner and put behind her incidents of electoral heist, irregularities, rigging, and manipulation of election results. Nigeria may have entered a new electoral era of due process, better organisation and coordination of polling activities, and a regime of an unbiased umpire..

That is not all. A credible poll is a recipe, if not the foundation of good governance. When polls are credible, elected officials will no longer use quality time and public resources to defend their mandates in the courts. INEC under Amupitan is set to see Nigeria through to that desirable era.

My past Tinubu criticisms now baseless, not lies – Bwala

Special Adviser to President Bola Tinubu on Policy Communication, Daniel Bwala, has declared that his previous criticisms of the President are now baseless and irrelevant but were not lies.

Bwala made the statement during a heated exchange with Channels Television anchor Seun Okinbaloye on Wednesday’s edition of Politics Today.

Okinbaloye had questioned Bwala about critical comments he made against Tinubu before joining the administration.

Asked whether describing those comments as baseless meant he had lied, Bwala replied: ‘They are not lies. They are baseless. Not important for conversation.’

The presidential aide expressed frustration over the continued scrutiny of his past statements, claiming the presenter had asked him the same question more than five times.

‘When will you get tired of asking me the same question?’ Bwala asked.

He described the issue as inconsequential and accused Okinbaloye of advancing the opposition’s narrative.

‘The joblessness of the opposition, it seems they have carried you in that bus,’ he said.

Bwala argued that the interview should focus on issues affecting Nigerians, including the economy, education and insecurity.

He said greater attention should also be given to a letter from United States President Donald Trump commending Tinubu’s leadership and the growing security cooperation between Nigeria and the US.

According to him, the Tinubu administration has made substantial progress in strengthening collaboration among Nigeria’s security agencies and international partners.

Bwala criticised the amount of time spent discussing his previous comments rather than examining the contents and credibility of Trump’s letter.

‘Nigerians want to hear what is happening to their lives, their economy, education and, most importantly, security,’ he said.

He also accused the media of failing to apply the same level of scrutiny to opposition politicians who had changed parties or reversed previous positions.

Gatchalian eyes renting PICC rooms for 2027 budget hearings

With the impeachment trial of Vice President Sara Duterte still ongoing, Senate President Sherwin Gatchalian said on Thursday that the chamber might rent conference rooms at the Philippine International Convention Center (PICC) to hold the upcoming hearings on the 2027 budget.

According to Gatchalian, several rooms have been occupied to accommodate participants in the impeachment trial, leaving only three available for legislative hearings.

‘Because the budget is coming in, because we have a lot of committee hearings to do, I can see that we will need to rent space at the PICC. Obviously, our… committee offices were used for the impeachment,’ he said in Filipino.

Starting July 27, the impeachment trial won’t be the only proceedings the senators will spend their time on, as the second regular session of Congress will also commence.

Typically, committee hearings are held on weekday mornings, while plenary sessions are held in the afternoon starting at 3 p.m.

Committee and budget hearings will likely be held only on Thursdays and Fridays starting July 29, as the new schedule for the impeachment trial will be conducted every Monday to Wednesday from 10 a.m. to 3 p.m., with plenary sessions starting at 4 p.m., Gatchalian said.

Gatchalian admitted the difficulty that comes with a packed schedule.

‘It’s going to be a challenge, honestly. Now there have been two hearings – on average, each hearing is four to five hours. The budget hearing sometimes takes longer, so it’s really gonna be a challenge,’ he added.

While there is no schedule yet for when the budget hearings will begin, Gatchalian vowed that, under his leadership, the hearings will start ‘ASAP’ (as soon as possible)

Oldest war hero dies in Pangasinan

Valentin Untalan, the oldest World War II hero in Pangasinan and arguably one of the oldest Filipinos in the country, died on Thursday at the advanced age of 109.

Details about the death of Untalan, a resident of Barangay Doyong, had not been made public, but he had been wheelchair-bound, and his health had been failing for years.

He was able to attend for the very last time the annual Pangasinan Veterans Day celebration on January 9, where he shared stories about his war experiences and urged the young generation to love their country.

Frequently attends Lingayen Gulf memorials

Untalan also frequently attended the memorials for the Lingayen Gulf Landing when American General Douglas MacArthur returned to liberate the country from the occupying forces of the Imperial Japanese Army towards the end of the war in the Pacific in 1945.

In 2023, Untalan said he retains vivid memories of how he survived in the jungle during the war.

Untalan joined the Philippine Scouts and was inducted into the United States Army Forces in the Far East on Feb. 26, 1941, with the rank of private first class.

A videotape interview shown during a veterans event shows him recalling that he was assigned to the ‘L’ Company of the 57th Infantry at the outbreak of World War II in the country, which began when Japanese planes bombarded Camp John Hay in Baguio City on December 8, 1941.

His unit cared for the wounded soldiers of the 11th Infantry and nearby Allied units defending the Pangasinan D-2 line.

They also provided medical care to wounded and sick sOldiers during the Battle of Bataan and engaged Japanese forces in the ‘Battle of the Pockets.’

Surviving in the jungle

‘I searched for guavas and papayas in the jungle. I could not climb the papaya, but I cut it down with my machete, and I ate as many as I could. When the sun was setting, I filled my haversack with papaya, and then I looked for a place to sleep. I saw a foxhole, and I went inside,’ Untalan had said in a halting, raspy voice.

He also recalled how he was assigned to command a platoon, and became a platoon leader and officer, with the rank of major, during the war.

‘You know that long bridge in Carmen (Rosales, Pangasinan)? There were guns over there,’ he said. ‘Sometimes, for 24 hours, you stay in the water until you are relieved by someone. Sometimes they have no replacement for you, and you cannot quit without a replacement,’ Untalan said.

In a social media post, a family member paid tribute to Untalan: ‘Though our hearts are filled with sorrow, they are also filled with gratitude-for 109 wonderful years of your life and for every precious moment we shared with you. You may have left this world, but your love will never leave us. Sleep peacefully, our beloved Laki (Grandfather) Valentin Untalan Sr. Until the day we meet again, you will always be our greatest blessing. ‘

SwiftPay brings real-time fraud decisioning to Philippines

Financial scams are still a persistent threat in the Philippines as more than 60 percent of Filipino adults are targeted by financial scams each year.

E-wallets are the leading channel through which fraudsters receive their illicit proceeds, accounting for 74 percent of cases, followed by wire or bank transfers at 14 percent.

Fraud has shifted from an occasional consumer risk to a systemic challenge for the country’s rapidly expanding digital finance ecosystem.

Against this backdrop, the Philippines introduced a more rigorous anti-fraud framework to protect financial accounts and digital transactions. With the Anti-Financial Account Scamming Act (AFASA) and Bangko Sentral ng Pilipinas (BSP) Circular 1213 now in force, fraud prevention is no longer a periodic control exercise – it’s a continuous, real-time, and examinable responsibility shared across the financial ecosystem.

BSP Circular 1213, in particular, requires covered banks and BSP-supervised financial institutions (BSFIs) to deploy robust fraud management systems (FMS) capable of rapidly detecting and blocking suspicious or fraudulent transactions in real time.

With AFASA and BSP circular reshaping how fraud risk is managed across the financial system, SwiftPay is stepping forward at a pivotal moment for the Philippine market.

SwiftPay is working with banks and BSFIs to strengthen real-time fraud protection while allowing them to build on the core systems they already operate.

‘This regulatory shift makes clear that compliance cannot be treated as a one-time technology project. Financial institutions need controls that keep learning, adapting, and producing evidence as fraud tactics evolve,’ said Pawel Jedruch, technology head at SwiftPay. ‘At SwiftPay, our role is to help institutions build that capability without forcing them to replace the core systems they already rely on.’

At the center of SwiftPay’s capabilities is SwiftGuard, its real-time fraud-detection and decisioning layer. SwiftGuard evaluates transactions across all five FMS parameters and returns a decision: allow, hold, block, or step up for additional verification.

SwiftGuard combines more than 40 tunable rules across six categories, with anti-money laundering (AML) integration, tamper-evident audit trails, multi-year log retention, and case-export capabilities designed to support examination and investigation.

‘The next phase of digital finance growth will be determined by trust,’ said Damian Gil, chief revenue officer at SwiftPay. ‘Financial institutions that can make sound decisions as money moves, and then document those decisions to continuously improve their controls, will be better positioned to protect customers and scale digital services responsibly.’