Update from SWIFT Confab

Latest on sanctions, new focus on regulation and new products like Alliance Lite2. (SWIFT's CEO Lazaro Campos)

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Addressing recent moves to impose international sanctions on Iran, SWIFT’s CEO Lazaro Campos said that “the moment the wording is clear” on the European Union legislation now being drafted, the secure global financial messaging network will cut off that country’s central bank and other financial institutions. “We will disconnect and not wait for the approvals,” Campos told the 400 attendees at the annual SWIFT Operations Forum Americas held this week in New York City.

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