However, the FSA and approved reporting mechanisms (ARMs) have found the practical reality of implementation is much harder than first thought.
SEPA payments require both BIC and IBAN. Frequently Asked Questions
1. This month, the UK Financial Services Authority (FSA) has indicated that transaction reporting firms under MiFID will need to obtain a bank identifier code (BIC) in order to be in compliance with wider European level regulations. Scroll down please and look at Search by institution, country and city search box. €™re already know your SWIFT or BIC codes but you wanted to know the Citibank location such as bank branch or address or city.
| Country | City | Bank Name | Branch | SWIFT |
|---|---|---|---|---|
| Nigeria | Lagos | Equitorial Trust Bank Limited | Equitorial Trust Bank Limited | EQUTNGLAXXX |