Ann: SWIFT Operational Update, page-77

you honestly think bank ceos dont read AFR and have read some of the announcements re ISX cleints and them saw what happened to Westpac CEO in the court of public opinion

Of course you'd immediatly dissociate yourself from any risk that relates to processing payments for a thrid party whoose client list has proven to be ( how do i say this) "fruity"

its called self preservation

Maybe, as they clealry have their lawyers on retainer, they should send out writs to the banks....for ruining their business by not processing Swift transactions because either ( take your pick)

a) ISX dont feel the bank processes them incorrectly and not in accordance with KYC best practise

or

b) the bank doesnt want to process them due to repuatational risk

I know which horse i am backing.

either wayits a train smash.