We spoke to BACB’s new Money Laundering Reporting Officer on the new risks when combating fraud, and the role new technologies can play in fighting financial crime.
TFG heard from José Manuel Campa, Chairperson, EBA on the key initiatives taken by the banking sector to support the economy post-Covid such as technology and innovation in banks and prevention of financial crime.
If regulators and established FIs are to place their faith – and their capital – in Blockchain, it must have a financial crime control framework to match efficiency of the solutions blockchain offers.
Considering the stakes involved in managing the AML/KYC compliances are high, banks/ FI should carefully assess the options available with them and look holistically to mitigate the risk.
Certificates of Origin, alongside with the ICC Incoterms® rules, are some of the most crucial trade documents which authenticate the origin of any goods which are exported. Trade Finance Global spoke to CO experts, traders, shippers and producers, compiling a list of the most common mistakes when preparing Certificates of Origin, and how to avoid them.