Uncovering Sanctions Risks in Trade Finance Transactions


Pressure is mounting for banks to step up their internal procedures for vetting trade finance transactions in order to meet the latest regulations and best practices expected by organisations such as the Financial Action Task Force, International Chamber of Commerce, Financial Conduct Authority, and Monetary Authority of Singapore. At the same time, a slowdown in global trade affecting margins, coupled with the increasing cost of compliance, is challenging banks to find cost-effective ways to meet their compliance needs.

In this webinar, recorded in collaboration with UK Finance, we discuss:

  • What is driving the treat? An overview of the unique and complex risks associated with trade finance.
  • Growing pressure – the latest steps taken by regulators around the world to increase their focus on trade compliance.
  • Why banks should go beyond screening payment messages; the importance of understanding the goods, their destinations, and their transport.
  • How to achieve best practice in compliance, whilst reducing the burden on internal resources.