SWIFT - Society for Worldwide Interbank Financial Transactions
You may see mention in some scammer emails about SWIFT. The Society for Worldwide Interbank Financial Transactions, otherwise known as SWIFT is owned by more than 2,800 banks around the world. A total value of USD $ 2 trillion is processed daily. It operates a network to process members’ messages to each other. The system transmits messages but makes no payments. The message tells how payment is to be made but payment is made through a different electronic payment system such as CHIP or Fedwire. Messages are transmitted by dedicated terminals which the computer encrypts which clearly shows originator, etc. SWIFT is often used to provide information on electronic letters of credit, information on foreign exchange transactions, orders to buy, sell or deliver securities, and make interbank transfers.
SWIFT does NOT issue credit cards of any kind.
If you want to read all of it there.
Scammers often ask for the SWIFT code because it makes their scam look more official.
Second and more important though, if they were real bankers they could easily look it up. They would not need to ask you to get it. Also, if they were real lawyers, they would ask a banker to look it up, not you.
Last edited by Miyuki; 10-22-2007 at 07:34 AM.
Silence is the scammer's best friend; knowledge is the scammer's worst enemy. 沈黙は詐欺師のよき友達、知識は詐欺師の天敵。Think globally, act globally.