SWIFT & Economic Warfare - podcast episode cover

SWIFT & Economic Warfare

Mar 07, 202240 min
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Episode description

SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. 

Founded in 1973, it is comprised of a large network of roughly 11,000 banks from all over the world. Think of it as a messaging service for money. SWIFT member banks share information with each other about sending and receiving funds – mostly across international borders. 

SWIFT operations are located in Belgium – which makes sense because of it’s fairly neutral location – and is overseen by the G10 countries (psst that includes the US).

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