Friday, 25 March 2022 13:56

What is SWIFT?

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With recent tragic events unfolding in the Ukraine, there have been numerous articles in the media referring to SWIFT (the global financial messaging system) and imposing restrictions on Russian banks. But what exactly is SWIFT? Banks like ANZ in Australia are members of SWIFT. Read about the impact these sanctions are having on Russia and think about what this would mean if Australia ever experienced similar sanctions.

Last modified on Monday, 04 April 2022 13:59