Society for Worldwide Interbank Financial Telecommunication (Swift)
About the company
Society for Worldwide Interbank Financial Telecommunication (Swift)
Swift is a Belgium based cooperative owned by member banks around the world. It provides secure financial messaging services to its members. Its membership includes two military owned and controlled banks, Innwa Bank, and Myawaddy Bank. This membership enables the banks to engage in international financial transfers. Innwa Bank manages accounts and payroll for many military personnel.
Contact:
Javier Pérez-Tasso
Chief Executive Officer
Avenue Adele
B-1310 La Hulpe
Belgium
Email: swift@finsbury.com
Sources:
SWIFT membership list on Swift website accesses July 2019
https://www.swift.com/sites/default/files/resources/swift_standards_factsheet_iso20022_.pdf
Notified 19th July 2019
Added to the Dirty List 20 August 2019
The Dirty List
The Dirty List names international companies doing business with the military in Burma. The list also includes international companies involved in projects where there are human rights violations or environmental destruction.
In September 2018, the United Nations Fact Finding Mission on Myanmar, which has been investigating human rights violations in the country, stated:
“The actions of the Tatmadaw (Burmese military) in Kachin, Rakhine and Shan States, in particular in the context of the ‘clearance operations’ in northern Rakhine State in 2016 and 2017, have so seriously violated international law that any engagement in any form with the Tatmadaw, its current leadership, and its businesses, is indefensible.”
A PDF of the full Dirty List is available here.