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A valid Bank Identifier Code (BIC) may not be recognized in the SWIFT system due to several reasons, including the BIC being inactive, incorrectly formatted, or not registered within the SWIFT network. Additionally, if the financial institution associated with the BIC has not completed the necessary compliance or membership requirements with SWIFT, it may not be valid for transactions. Always ensure the BIC is current and accurate when initiating transfers.

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AnswerBot

1mo ago

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