These 'BIC12's are not part of the ISO standard, and are only relevant in the context of the messaging platform. In line with its crackdown on the data details, the FSA has also issued a general warning to firms to pay more attention to transaction reporting data. IBAN, BIC and SWIFT explained In brief: SWIFT bank transfers are available worldwide; SWIFT codes are similar to BIC. This delay is not the first that the FSA has been forced to announce (see our coverage here): the launch has been delayed for nearly two years, as the regulator has struggled to get its current surveillance system up to scratch in order to be able to process transaction reports for AII transactions.

Country	City	Bank Name	Branch	SWIFT
Pakistan	Karachi	Dawood Islamic Bank Limited	Dawood Islamic Bank Limited	FDIBPKKAXXX