Yes. SWIFT complies fully with all applicable sanctions laws. Responsibility for ensuring that individual financial transactions comply with sanctions laws, however, rests with the financial institutions handling them, and their competent authorities. SWIFT is only a messaging service provider and has chelsea sugar daddy no involvement in or control over the underlying financial transactions that are mentioned by its financial institutional customers in their messages.
Does SWIFT expel banks?
SWIFT is neutral. The Company is set up and operated for the collective benefit of its Shareholders, for the study, creation, utilisation and operation of the means necessary for the telecommunication, transmission and routing of private, confidential and proprietary financial messages.
As a neutral utility with a global systemic character, SWIFT plays a pivotal role in supporting the global economy through its provision of secure financial messaging services. We always act in the interests of the entire member community and in keeping with our mission of supporting the resilience and integrity of the global financial system. […]