One of the world’s largest banks is stepping up its due diligence processes in respect of possible exposure to the so-called Islamic State (IS), now controls significant areas of Iraq and Syria, according to documents seen by Newsflow.

The US headquartered international financial institution is particularly concerned about oilfields and locations controlled by IS as well as people and entities, including charities and non-governmental organisations (NGOs), that support the self-proclaimed state....Log into your ATFCP account to access content at Association of Trade Finance Compliance Professionals.