5 ms·

Everything that uses the SWIFT banking system is under the US control. So that's basically everything and everybody. That's wht some of the BRIC's are setting u

Everything that uses the SWIFT banking system is under the US control. So that's basically everything and everybody. That's wht some of the BRIC's are setting up their own SWIFT payment system...

sangnoir 13y ago
I think you are overstating the amount of control the US has. The US is spying on SWIFT transactions, that's a world of a difference from actually controlling SWIFT.
- digitalengineer 13y ago
  Did I really? WallStreetJournal :"Both houses of the U.S. Congress have drafted legislation threatening to penalize Swift's board and owners if they didn't ban the suspect Iranian entities from using its network." http://online.wsj.com/news/articles/SB10001424052970204795304577223900530203704 http://online.wsj.com/news/articles/SB1000142405297020479530...
  - tzakrajs 13y ago
    Again, this quote says nothing of the US having control over the Swift network itself.
  - Shivetya 13y ago
    Denial works as well as control. Deny access through,to, or from, it pretty much sufficient. As the quote from Dune goes, He who can destroy a thing, controls a thing.
rgbrenner 13y ago
I think he was referring to this: http://www.bloomberg.com/news/2013-07-02/hsbc-judge-approves-1-9b-drug-money-laundering-accord.html http://www.bloomberg.com/news/2013-07-02/hsbc-judge-approves... http://nypost.com/2012/04/05/us-regulator-cites-citibank-for-violating-money-laundering-law/ http://nypost.com/2012/04/05/us-regulator-cites-citibank-for...