SWIFT messaging system

Russia-Ukraine crisis

Why Swift ban is such a potent sanction on Russia

Excluding Russia from global banking’s Swift messaging system was always seen as an extreme option to punish President Putin
Swift logo

Deutsche Bank calls for reform of global financial messaging system SWIFT

FRANKFURT (Sept 9): Deutsche Bank is calling for a reform of SWIFT, the global financial messaging system which has faced criticism since February's $81 million heist at Bangladesh Bank.
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