Colombian authorities believe that Nieto is linked to a large drug-trafficking network that has been operating for more than a decade.
SWIFT's chairman calls the service "a direct response to our community’s request for additional services to complement and strengthen existing fraud controls."
Amid questions of its commitment to security, SWIFT seems to be realizing that it must start protecting its reputation along with its system.
SWIFT added two Mumbai-headquartered banks, ICICI Bank and Axis Bank, to its global payments innovation initiative this week.
Bitso, Destacame, and Quotanda recently took home $10,000 USD prizes and the chance to participate in the Sibos 2016 conference in Geneva this fall.
Authorities thought they had a lead in the case of the $12 million that cyberthieves stole from a bank in Ecuador. But when they arrived to the Hong Kong site where $2 million of that bounty taken from Banco del ...
SWIFT, the Brussels based global payments platform has announced that it will launch Payments Data Quality, an advanced reporting and data analytics service to help financial institutions comply with new international requirements for originator and beneficiary information in payments messages. ...