3 ms·
> Nobody In the USA - the consequences should be only related to USA pertinent actors. The newspapers in Italy say, "there is no judgement against them in Ital
by mdp2021 2mo ago
> Nobody
In the USA - the consequences should be only related to USA pertinent actors. The newspapers in Italy say, "there is no judgement against them in Italy".
- cloudie78 2mo agoThe same mechanism that was used to sanction Russia, Iran - will be used to sanction A/I Collective.
- polski-g 2mo agoIf Italy doesn't shut down their services, the Italy itself will be shut out of SWIFT.
- 2legit2quit 2mo ago>...then* Italy itself will be shut out of SWIFT. SWIFT is headquartered in Belgium. Only 2 banks out of the total 24 on the board of directors is US banks. Unless there's a hostile takeover of the SWIFT organisation by the US, I think this is a bit of a stretch. (Plot-twist: Italy is on the board of directors.)
- polski-g 2mo agoSWIFT abides by international law and local laws. Including those against processing money transfer requests for terrorist organizations like A/I.
- 2legit2quit 2mo ago> SWIFT abides by international law and local laws. Including those against processing money transfer requests for terrorist organizations like A/I. A US sanction is neither a local (to all of SWIFT) or international law. The question still stands.
- marcosdumay 2mo agoSWIFT refused to shunt out the Brazilian banks that kept providing services to the public figures involved on the Bolsonaro trial last year.
- polski-g 2mo ago"Brazilian banks" were never classified as Foreign Terrorist Organizations. It is a specific designation and law that comes with 20 year prison sentences.
- marcosdumay 2mo agoAre you expecting Italian banks to be classified as terrorist organizations?
- mdp2021 2mo ago> Italy itself will be Because of a decision from the USA administration? ?!
- inigyou 2mo agoYes. It's the same mechanism that was used against Russia and Iran.
- epolanski 2mo agoI doubt this is how it works, besides, swift is an international organization, not a US one. US laws and sentences does not apply beyond US borders unless differently agreed.
- Nemo_bis 2mo agoItalian banks immediately apply US sanctions because they are scared they'd be cut off SWIFT. Banca Etica, A/I's bank, previously refused to open a bank account to Francesca Albanese. https://www.bancaetica.it/banca-etica-chiede-alle-istituzioni-italiane-ed-europee-di-attivarsi-per-rimuovere-le-inaccettabili-sanzioni-usa-a-francesca-albanese/ https://www.bancaetica.it/banca-etica-chiede-alle-istituzion...