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> Any bank that wants to be in SWIFT must block any transfers. Given that SWIFT is headquartered in Belgium and Italy's major bank is one of the 24 banks on th
by 2legit2quit 1mo ago
> Any bank that wants to be in SWIFT must block any transfers.
Given that SWIFT is headquartered in Belgium and Italy's major bank is one of the 24 banks on the SWIFT board, how does this "blockade" in SWIFT happen? Is the inference that all of the banks bow down to the US, even though the US only represents 2 out of the 24 banks on the board?
- inigyou 1mo agoThe US can say any bank that does business with SWIFT may not do business with the Federal Reserve. We all know who will win that battle - the one where the money is, like always.
- Nemo_bis 1mo agoIt happens by cowardice. 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...