A New York man with Ghanaian connections who engineered a trade-based money laundering (TBML) scheme to transfer illicit gains from online scams has been sentenced to 14 months in prison and ordered to pay $532,738 in restitution to 11 victims.
At the EBRD TFP Trade Finance Forum, TFG’s Deepesh Patel spoke with Aurel Bernat, Executive Director, Financial Institutions and Investor Relations at Banca Transilvania, Oleksandr Shchur, Member of the Management Board at JSC Ukreximbank Ukraine and Ženja Radanović, Head of Documentary, Business Department at Eurobank Direktna a.d. Beograd, Serbia.
At the ITFA annual conference in Abu Dhabi, Trade Finance Global (TFG) spoke with Mosa Tshabalala, Head of FI Trade Sales (International), Risk Distribution and Syndications at Absa Group, to explore the role of trade finance risk distribution in the African context.
The UK’s inflation rate remained at 6.7% in September, defying earlier predictions of a slight decrease. This rate is the highest among major advanced economies and sustains the possibility of… read more →
In this episode of Trade Finance Talks, TFG’s Deepesh Patel sat down with Raja Al Mazrouei, CEO of Etihad Credit Insurance, to discover how ECI is not only encouraging UAE businesses to tap into emerging regional and international markets but also enabling them to scale new heights and achieve sustainable growth.
Britain and South Korea have decided to prolong the duration of minimal or zero tariffs on mutual trade involving goods with components from the European Union, according to an announcement… read more →
The Asian Development Bank (ADB) has greenlit a $300 million policy-driven loan. This endeavour assists the Philippine government in establishing a resilient institutional and policy backdrop, aiming to augment Filipinos’… read more →
On Tuesday, the International Monetary Fund (IMF) unveiled its most recent World Economic Outlook, adjusting its US growth forecast upwards while anticipating a slower rate of expansion for the euro… read more →
In a recent interview at the EBRD’s Trade Facilitation Program conference in Vienna, Deepesh Patel, the editor at Trade Finance Global, welcomed Abla Hussein, the Sector Head for Non-Bank Financial Institutions at the Commercial International Bank of Egypt (CIB).
The US trade deficit contracted to $58.3 billion in August, marking its lowest level since late 2020, according to data released by the Commerce Department on Thursday. This represents a… read more →