SWIFT:
Society for Worldwide Interbank Financial Telecom. (SWIFT)
By JULIA KAGAN
Full Bio
Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia.
Learn about our editorial policies
Updated June 25, 2023
Reviewed by CHARLES POTTERS
Fact checked by MICHAEL LOGAN
https://www.investopedia.com/terms/s/swift.asp
https://x.com/elonmusk/status/1835332093049811001
Trump is referring to SWIFT
Society for Worldwide Interbank Financial Telecommunications (SWIFT)
The Space Based Banking system is being implemented, so dangerous right now
gloria!!
in order to destroy, be rid of, implode the old debt based banking system, you need a new internet
so seven dwarves supercomputers running the DARPA World Wide Web will soon lose its internet keys
Starlink
successful emergency alert system tested recently
able to continue to stream X in Brazil even tho it had been blocked on the www
telephone calls success
SWIFT allows bank transfers between the cabal banks, very corrupted, will attach proof
XRP, ripple or ethereum will replace SWIFT
This Truth by PDJT shows that Taylor is part of the flipping of the beast system, she's just playing a bad actor role
She's now more famous than ever thanks to POTUS
https://www.investopedia.com/terms/s/swift.as
KEY TAKEAWAYS
Society for Worldwide Interbank Financial Telecommunications (SWIFT) provides a secure messaging system for financial transactions between participating banks.
SWIFT serves 11,000 financial institutions in over 200 countries and territories.
SWIFT assigns participating financial institutions a unique code to facilitate financial transactions.
Understanding SWIFT
SWIFT took over as the primary system for verifying international funds transfers from Telex, providing a unified coding convention to identify banks and describe transactions.
SWIFT is headquartered in Belgium and has offices in Australia, Austria, Brazil, China, France, Germany, Ghana, Hong Kong, India, Indonesia, Italy, Japan, Kenya, South Korea, Malaysia, Mexico, Russia, Singapore, South Africa, Spain, Sweden, Switzerland, UAE, and the United Kingdom.
Understanding SWIFT Transactions
For money transfers, SWIFT assigns each participating financial organization a unique code with either eight or 11 characters. The code has three interchangeable names: the bank identifier code (BIC), SWIFT code, SWIFT ID, or ISO 9362 code.
SWIFT vs. IBAN
SWIFT and international bank account numbers (IBANs) are both used to identify parties in money transfers. However, while a SWIFT code is used to identify a specific bank, the IBAN code denotes a particular bank account involved in an international transaction.
SWIFT has become so integral to global capital flows that access to its services has been barred as a form of economic sanctions.
In 2012, SWIFT cut off access for Iranian institutions as a result of European Union economic sanctions imposed on the country for its nuclear weapons program. It restored access for Iranian banks not affected by other sanctions in 2016.
11
In 2022, several Russian banks were removed from SWIFT as punishment for Russia's invasion of Ukraine.
*** who was leaving office in 2016? who funds IRAN?
What Is the Difference Between ACH and SWIFT?
The ACH, or Automatic Clearinghouse, is a network for electronic transactions between financial institutions, which are processed in batches over one or two business days. The SWIFT network is used for cross-border transactions between financial institutions, while ACH transfers are more suitable within a single financial jurisdiction.
The Bottom Line
SWIFT, or the Society for Worldwide Interbank Financial Telecommunications, is a global messaging system that is used to facilitate transactions between banks across national borders. SWIFT is headquartered in Belgium, with around 3,500 member institutions.
2015–2016 SWIFT banking hack
n 2015 and 2016, a series of cyberattacks using the SWIFT banking network were reported, resulting in the successful theft of millions of dollars.
https://en.wikipedia.org/wiki/2015–2016_SWIFT_banking_hack
Lazarus Group
APT 38
its not a decode
its the end of the debt based economy we are currently under, an asset based economy will be installed, first a new platform, ie space based internet needs to be built and implemented which is what spacex has been doing for the past six years …
once the protocols are changed, the internet keys, it will be a seamless transfer of power and elections will be free of interference once more, financial institutions will belong to the people again and will not profit from putting people into debt which is what is happening right now
the propagandists employed by the banksters might be able to turn over a new leaf and use their cyber talents for the new powers that be
using Taylor to get his message to the world is an amazing thing, she works for him, same as Biden
why do you think she got such global success so quickly?
the message has to get out there to as many people as possible, everyone has to educate themselves on the banking system that harnesses so much of your energy output during the work week… how stupid can you get that you give away so much of your hard earned cash to thieves obviously pocketing the money and not giving you a damn thing back except a credit score, that's your reward
they make money off your debt,
a mortgage is a debt until its payed off
I can't believe anybody would want this continue into our children's futures, we can end it now in this generation
USURY