Based in Belgium, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) is a nonprofit organization, created in 1973, that maintains a network for the international exchange of payment instructions between banks and other institutions.
|“||It 'provid[es] electronic instructions on how to transfer money among 7,800 financial institutions worldwide.' Although SWIFT provides a messaging service and is not a bank, it is nonetheless considered the 'nerve center of the global banking industry,' routing more than 11 million transactions each day 'between banks, brokerages, stock exchanges and other institutions.'||”|
- Amidax Trading Grp. v. S.W.I.F.T. SCRL, 671 F.3d 140, 143 (2d Cir. 2011) (full-text) (citations omitted).