A new initiative supported by the German government aims to reduce the compliance burden associated with stringent anti-money laundering (AML) and know your customer (KYC) regulations and enable small- and medium-sized enterprises (SMEs), especially in Africa, to apply for trade finance.

The collaborative initiative aims to equip SMEs across Africa with globally recognised business identities, in the form of legal entity identifiers (LEIs) that are comparable to an international company ID card.

You need to be logged in to view this article.

If you are an existing subscriber please enter your credentials to log in.

To become a member of The Association of Trade Finance Compliance Professionals (ATFCP) click here!