>...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.

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marcosdumay 13 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.

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polski-g 12 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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marcosdumay 11 hours ago | parent [-]

Are you expecting Italian banks to be classified as terrorist organizations?

	▲	polski-g 5 hours ago \| parent \| next [-]
		If they continue to transfer money for FTOs, yes they would be.
	▲	inigyou 8 hours ago \| parent \| prev [-]
		Yes. And SWIFT.

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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.