Iran's Proposal to Set Up SWIFT Analogue Added to BRICS Agenda

Iran's Proposal to Set Up SWIFT Analogue Added to BRICS Agenda

MOSCOW (Sputnik) – The BRICS leadership has put on the agenda the Iranian central bank’s proposal to set up the group’s own equivalent to the SWIFT payment system and create an organization to fight money laundering and terrorist financing that would be similar to the intergovernmental Financial Action Task Force (FATF).

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