September 27, 2011 Compliance of interbanking transactions
Plenty of people ignore how their financial operations are carried out in the international financial system. Thousands of millions of bank notes go back and forth in the financial software messages called swift messages, which are no other than computer codes transmitted through an international network. Hence, as the reader might have noticed, there is not money the one that goes from bank to bank, just mere codes that point out transactions in money between people, companies, and sometimes, financial institutions. Notwithstanding, the biggest challenge is executing these transaction with the highest level of transparency. That is the challenge.
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