Penalties for financial institutions that fail to follow the US’ new BIS guidance
The US commerce department’s Bureau of Industry and Security (BIS) has issued new guidance to financial institutions (FIs) on best practices to ensure compliance with the Export Administration Regulations (EAR). The new guidance, which the BIS says is prompted by Washington’s concerns over the military…
Money laundering and environmental crime, detailed report from FACT coalition
The Financial Accountability and Corporate Transparency Coalition (FACT) has published a comprehensive and detailed report analysing publicly available case data to better understand how environmental crimes in the Amazon region are committed and how their associated profits are laundered. Money Laundering from Environmental Crime: Typologies…
Don’t see TBML in isolation from other laundering typologies or any kind of organised crime warns UNODC chief
The threat and development of trade-based money laundering (TBML) cannot be seen in isolation from other money laundering typologies or the variety of crimes – including drug, people and wildlife trafficking – that generate the cash that criminals need to channel into the mainstream economy,…
- Online - 09.00AM – 11.00AM (GMT)
- Organiser: IIBLP and Coastline Solutions
- This is a Free online Webinar
- 2 HOUR SESSION ON KEY TRADE FINANCE COMPLIANCE TOPICS.
JOIN LEADING EXPERTS FROM AROUND THE WORLD TO DISCUSS THE KEY SANCTIONS AND COMPLIANCE TOPICS.
Compliance in trade finance is an ever-growing and ever-shifting landscape. Navigating anti money laundering (AML), counter terrorist financing, sanctions, multiple international regulatory bodies requires the latest information. Compliance officers and trade finance staff will want to attend this event to stay ahead of the curve.
Delegates will receive 2 CPDs toward recertification of CDCS, CFTC, CSDG, and CSCF.
- TOPICS TO INCLUDE:
- Secondary sanctions: OFAC and OFSI notices plus HS code requirements equals challenges for FIs. How is the industry responding?
- The Russian energy sanctions, the dark fleet, Spoofing and ship to ship transfer hot spots. Dangers for banks financing and potential reputational risk.
- Legal issues: The Singaporean Winson Oil decision on wilful negligence in the provision of documents which were known to be false or fraudulent. Expanding the legal definition of fraud unravels all.
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