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Responding to SWIFT Messages: Legally Obligated?

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Question: 
Is a financial institution legally obligated to provide responses to SWIFT messages it receives within a certain time frame? Will FIs be in violation of any regulations or laws it we do not provide responses to these messages that it receives?
Answer: 

Any such requirement would be found in the operating rules that you are bound by as a member of SWIFT.

First published on 11/03/2014

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