🇺🇸 🇿🇦 : Swift code sanctions restrict or ban financial institutions or countries from using the SWIFT network for international payments, typically as a form of economic pressure. These sanctions are usually driven by geopolitical concerns, as seen with past actions against Iran, North Korea, Russia, and Belarus. SWIFT, a member-owned cooperative, is compelled to comply with these regulations, affecting global trade and financial access for the sanctioned entities. #soutafricasanctions #Cape