Trade Finance Career Spotlights: K. Nizardeen K. Nizardeen has been around the trade finance scene in the Middle East for
A Conversation with Kristin Kyle-McQuesten “Know Your Customer” isn’t only vital for compliance reasons. Throughout her career, it’
DCW reports quarterly LC issuance statistics for the top 600 banks headquartered in the US. Numbers are in USD 1,
Key takeaways from the US Treasury Report on money laundering risks and threats.
The US Department of the Treasury released on 7 February 2024 a trio of documents detailing its 2024 National Risk Assessments in the areas of Money Laundering, Terrorist Financing, and Proliferation Financing.
Among the more interesting themes emanating from Treasury’s 108-page report on Money Laundering, Sarah Beth Felix, CEO & Founder of Palmera Consulting, identified the following:
Although automatic extension is not addressed in the URDG758 rules, the ISDGP articulated in 2021 contains provisions to help interpret such terms if included in a demand guarantee.
Every bill of lading is issued three times over. Nobody needs 3, the rules don’t insist on 3, and change is coming on 3 September!
Recent ICC guidance addresses practical trade finance issues arising from the Middle East conflict. Having a nimble strategic approach for coping with operational risk is paramount for banks.
The first in a three-part series on the trade finance skills cliff.
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