SWIFT

SWIFT Discloses More Cyber Thefts, Pressures Banks on Security

By Jim Finkle Aug 31- SWIFT, the global financial messaging system, on Tuesday disclosed new hacking attacks on its member banks as it pressured them to comply with security procedures instituted after February’s high-profile $81 million heist at Bangladesh Bank. In a private letter to clients, SWIFT said that new cyber-theft attempts – some of

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SWIFT to Unveil New Security Plan After Hackers’ Heists

By Huw Jones and Tom Bergin LONDON, May 24 – The SWIFT secure messaging service that underpins international banking said it plans to launch a new security programme as it fights to rebuild its reputation in the wake of the Bangladesh Bank heist. The Society for Worldwide Interbank Financial Telecommunication (SWIFT)’s chief executive, Gottfried Leibbrandt

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Anti-Money Laundering Body Urges More Scrutiny of Iran, North Korea

WASHINGTON, Feb 20 – An international anti-money laundering group wants government financial intelligence agencies to give extra scrutiny to transactions and business relationships involving Iran and North Korea. Paris-based Financial Action Task Force (FATF) said on Friday that it remained “particularly and exceptionally concerned” about what it called Iran’s “failure to address the risk of terrorist

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Iranian Banks Reconnected to Global Payments Network

DUBAI, Feb 17 – Global transaction network SWIFT has reconnected a number of Iranian banks to its system, allowing them to resume cross-border transactions with foreign banks after the lifting of sanctions on Tehran, a SWIFT official said. Iranian banks were disconnected from Belgium-based SWIFT, the Society for Worldwide Interbank Financial Telecommunication, in March 2012

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