Three sanctioned DPRK banks were barred from the world’s most important financial messaging service on Wednesday, following the publication of a UN Panel of Experts (PoE) report which showed they had continued to use the service despite their designation.
The SWIFT (Society for Worldwide Interbank Financial Telecommunication) system allows banks and financial institutions to communicate about transactions and trades.
Three sanctioned DPRK banks were barred from the world’s most important financial messaging service on Wednesday, following the publication of a UN Panel of Experts (PoE) report which showed they had continued to use the service despite their designation.
The SWIFT (Society for Worldwide Interbank Financial Telecommunication) system allows banks and financial institutions to communicate about transactions and trades.
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