Musings from an outpost on the edge of Western civilization.
Monday, February 16, 2015
Time for SWIFT attack
"At present, they [corrupt Russian elites] control their accounts in Western banks anonymously through a chain of front firms, which are impossible to trace. But their operations are completely dependent on SWIFT for operation. All of current money-laundering and anonymization schemes are dependent on SWIFT. Other such operations simply do not exist at present, and new ones can not be developed in a month. Nor in six months, either. And it is not clear that they would be possible at all.
When disconnected from SWIFT, the [corrupt elite] will either have to give up control over their anonymous assets or assume a high risk of losing their anonymity." [Source]
A 'SWIFT attack' would be an an ideal highly targetted weapon with which to attack Putin and his cronies..