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| ▲ | 2legit2quit a day ago | parent | next [-] |
| >...then* Italy itself will be shut out of SWIFT. SWIFT is headquartered in Belgium. Only 2 banks out of the total 24 on the board of directors is US banks. Unless there's a hostile takeover of the SWIFT organisation by the US, I think this is a bit of a stretch. (Plot-twist: Italy is on the board of directors.) |
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| ▲ | polski-g a day ago | parent [-] | | SWIFT abides by international law and local laws. Including those against processing money transfer requests for terrorist organizations like A/I. | | |
| ▲ | marcosdumay 12 hours ago | parent | next [-] | | SWIFT refused to shunt out the Brazilian banks that kept providing services to the public figures involved on the Bolsonaro trial last year. | | |
| ▲ | polski-g 11 hours ago | parent [-] | | "Brazilian banks" were never classified as Foreign Terrorist Organizations. It is a specific designation and law that comes with 20 year prison sentences. | | |
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| ▲ | 2legit2quit a day ago | parent | prev [-] | | > SWIFT abides by international law and local laws. Including those against processing money transfer requests for terrorist organizations like A/I. A US sanction is neither a local (to all of SWIFT) or international law. The question still stands. |
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| ▲ | mdp2021 a day ago | parent | prev | next [-] |
| > Italy itself will be Because of a decision from the USA administration? ?! |
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| ▲ | inigyou 12 hours ago | parent [-] | | Yes. It's the same mechanism that was used against Russia and Iran. |
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| ▲ | epolanski 8 hours ago | parent | prev [-] |
| I doubt this is how it works, besides, swift is an international organization, not a US one. US laws and sentences does not apply beyond US borders unless differently agreed. |
