President Joe Biden unveiled new sanctions against Russia on Thursday in response to President Vladimir Putin's decision to invade Ukraine, and said that collectively, they will be "more consequential ...

SWIFT sunsetted the MT (Message Type) format for financial messaging on Saturday, Nov. 22. Having migrated to ISO 20022, global banks are now positioned to ...

SWIFT, the global bank messaging network, has announced plans to launch a new platform within the next one to two years. This platform will connect the emerging central bank digital currencies (CBDCs) ...

Almost four years after the Kremlin’s war on Ukraine began, many Russians have adapted to life without the SWIFT banking and payment system. Several major banks were cut off from SWIFT in 2022 under ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. (The Hill) — The White House on Saturday ...

Russia’s largest bank will be removed from the SWIFT international banking system in the latest round of international sanctions announced by the European Union late Monday. Sberbank, which ...

The Central Bank of Syria has resumed international financial communications via the SWIFT network after a 14-year suspension caused by sanctions imposed ...

Russia's central bank will stop disclosing the names of those participating in its alternative to the SWIFT payment system, according to Reuters. Some Russian banks have been banned from the SWIFT ...

Western nations recently cut Russia out of the SWIFT global banking system. But one expert says the initial claims of how damaging it would be for Russia were exaggerated. In reality, Russia has many ...