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What is SWIFT & How It Affects Russia | Weekly Roundup

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Decoding SWIFT: Banking's Global Backbone

This chapter explores the SWIFT system's vital role in global banking, particularly in light of recent sanctions against Russia. It delves into the complexities of international wire transfers, KYC regulations, and the challenges banks face in compliance, highlighting the intricate processes involved in verifying transactions and the movement of money. The discussion emphasizes understanding SWIFT's operations to navigate the current geopolitical and financial landscape effectively.

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