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.