Colombian authorities believe that Nieto is linked to a large drug-trafficking network that has been operating for more than a decade.
SWIFT Transaction Leads to Money Laundering Charges Linked to Drug Trafficking Ring
SWIFT Launches Customizable Fraud Prevention Service
SWIFT's chairman calls the service "a direct response to our community’s request for additional services to complement and strengthen existing fraud controls."
SWIFT Takes Heat Over Security Lapses Following Series of Bank Heists
Amid questions of its commitment to security, SWIFT seems to be realizing that it must start protecting its reputation along with its system.
SWIFT Adds First Two Indian Banks to Its Global Payments Innovation Initiative
SWIFT added two Mumbai-headquartered banks, ICICI Bank and Axis Bank, to its global payments innovation initiative this week.
Three Latin American Fintech Startups Take Home $10,000 USD Prizes at SWIFT Event
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.
$12 Million SWIFT Cyberheist Investigation Leads to Empty Hacker Hideout
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 Launches Wire Transfer Reporting & Analytics Service
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. ...