A further four North Korean banks were blocked from the world’s primary financial messaging service on Thursday, as they were not in-line with the organization’s membership criteria.
The SWIFT (Society for Worldwide Interbank Financial Telecommunication) system allows banks and financial institutions to communicate about transactions and trades. But this month SWIFT has blocked seven DPRK banks from using its services.
A further four North Korean banks were blocked from the world’s primary financial messaging service on Thursday, as they were not in-line with the organization’s membership criteria.
The SWIFT (Society for Worldwide Interbank Financial Telecommunication) system allows banks and financial institutions to communicate about transactions and trades. But this month SWIFT has blocked seven DPRK banks from using its services.
Become a member for less than $4 per week.
Unlimited access to all of NK News: reporting, investigations, analysis
The NK News Daily Update, an email newsletter to keep you in the loop
Searchable archive of all content, photo galleries, special columns
Contact NK News reporters with tips or requests for reporting
Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts.
Subscribe now
All major cards accepted. No commitments – you can cancel any time.
SHARE
COPY LINK
X
MASTODON
