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5 July 2019 - Accuity Insights

Keeping Up With Export Administration Regulations

In the current regulatory landscape, trade companies that facilitate the movement of goods don’t have it easy. Regulations dictate how trade should be conducted, the measures that must be taken to ensure security during transportation, and who firms can do business with.
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30 April 2019 - Accuity Insights

Shipping Industry in Direct Path of Brewing OFAC Storm

Deceptive shipping activity is on the rise. OFAC recently updated its advisory documentation to raise awareness of some of the deceptive shipping practices deployed specifically by North Korea to get goods into the country. Organisations involved in trade must be proactive to stay ahead of the risks.
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Fircosoft - Accuity - Watchlist filtering and trade compliance solutions
5 September 2018 - Accuity Insights

Freight expectations: how is the US clamping down on export compliance?

The freight forwarding industry is a vital component in the facilitation of global trade. Freight forwarders play a key role in the export of goods overseas and, despite having to act on the instructions of another party, they must ensure they have robust processes in place to prevent the transportation of dangerous or dual-use goods […]
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Cargo ships docked on harbour
30 May 2018 - Accuity Insights

Shipping technology is making trade finance more transparent

Versions of this article originally published in Global Banking & Finance Review and Trade Financing Matters. In the twelve months from January to December 2017, over 4,500 vessels in the container, bulker and tanker fleet completed 30,000 visits to OFAC sanctioned terminals (Iran, Cuba, North Korea, Sudan, Syria and the Crimea). Whilst not every vessel visit […]
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7 May 2018 - Accuity Insights

The future of air cargo compliance screening

Recent news that a Maersk company carried arms components from North Korea to Egypt, in a violation of international sanctions, acts as a fresh warning for those facilitating global trade to be diligent in monitoring and reporting suspicious activity. The transportation of electrical components by a Maersk subsidiary, which had the potential to be used […]
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Accuity Insights

Trade finance: is your screening up to scratch? Survey findings from our recent webinar with UK Finance

In June, the fight against nuclear proliferation in rogue states took an interesting turn when China’s Bank of Dandong was blacklisted by the US for ‘facilitating financing’ for companies linked to North Korea’s nuclear programme. This signalled firmly that regulators aren’t only chasing organisations that breach sanctions – those financing the trade will be held equally responsible.
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Accuity Insights

Why financial institutions based in Africa should have robust compliance systems in place

Alfred Pobi, Key Account Manager at Accuity, presented on the challenges facing African banks and the importance of having the right Anti Money Laundering (AML) system in place within those banks during the GIABA Commission (Inter-Governmental Action Group against Money Laundering in West Africa) at Praia, Cape Verde where 17 countries from Africa were represented. […]
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Bankers Almanac Due Diligence | Checks on correspondent counterparties
Accuity Insights

Accuity’s compliance solution for trade finance recognised as leading best practice

Accuity’s compliance solution for trade finance recognised as leading best practice
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Accuity Insights

Henry Balani: Trade compliance – digitising the flow

As trade finance progresses towards a digital delivery model, new opportunities to reduce fraud and fight financial crime are opening up. Henry Balani, Global Head of Strategic Affairs, Accuity, talks to FX-MM about reducing manual workflows and creating a safer trade finance environment. Download the full FX-MM article here: https://accuity.com/Global/Article%20Assets/201602-FXMM-Trade%20Compliance%20Digitizing%20the%20Flow.pdf
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Accuity Insights

Trade Finance: The new frontline in the battle in the prevention of money laundering & terrorist financing

Combatting trade-based money laundering (TBML) gains momentum in Asia-Pacific.
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