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| subject: | Re: wrt SWIFT |
From: Adam <""4thwormcastfromthemolehill\"{at}the field.near
the bridge">
Geo wrote:
> "Adam" <""4thwormcastfromthemolehill\"{at}the
field.near the bridge"> wrote in
> message news:449dcb1a{at}w3.nls.net...
>
>> compel an international banking consortium to open its records. The
>> Brussels-based cooperative, known as the Society for Worldwide Interbank
>> Financial Telecommunication, or SWIFT, links about 7,800 banks and
>> brokerages and handles billions of transactions a year.
>
> Actually another article I read says they don't actually handle any
> transactions, they just capture the information and store it, for what
> purpose was unclear.
>
> Geo.
>
>
They provide the mechanism by which it happens.
Adam
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