Syria has carried out its first international bank transaction via the SWIFT system since the outbreak of its 14-year civil ...

“ICE’s action at multiple Swift plants today is a clarion call for the nation ... take us from today’s chaos and lawlessness to law and order. That law and order system must include: increased border ...

Damascus, SANA- The Governor of the Central Bank of Syria (CBS), Dr. Abdul Qader Husariya said that Syria will be fully ...

The Society for Worldwide Interbank Financial Telecommunications (SWIFT) system powers most international money and security transfers. SWIFT is a vast messaging network used by financial ...

The White House announced Saturday that the United States and allies agreed to block select Russian banks from SWIFT, the global financial messaging system. In a joint statement with leaders of ...

The key is the use of specialized codes -- SWIFT codes and routing numbers -- that tell the financial system where and how to send money. Image source: Getty Images. For transferring money ...

What is the SWIFT banking system? How would countries remove Russia from it? What effect would that have? The European Union announced Wednesday that it will bar seven key Russian banks from using ...