Many moons ago, one of my boss’s mantras was ‘time is more precious than meat’. This was repeated every morning during our daily sales meetings. Those days, I sold ‘air time’ in the media industry.

(Geneva/Ulaanbaatar) – The International Trade Centre (ITC) today released a multimedia report on transforming economies with connected services, with a spotlight on landlocked countries. The report spotlights four types of services, known… read more →

A £26.3 million equivalent loan backed by the UK Government has allowed the Ukrainian government to start rebuilding six bridges and reopen vital supply routes near Kyiv. The loan has… read more →

Like every aspect of the financial services industry, the correspondent banking world has changed a great deal over recent years due to technology, regulatory regimes, and risk management.

The UK’s first E-Commerce Trade Commission was launched on 13th June, to encourage 70,000 more small British businesses to trade and export online and help boost the economy by £9.3bn The… read more →

Central Asia is becoming increasingly attractive to investors. It has abundant natural resources and is strategically located, leading to its reputation as a region with untapped economic potential.

In the shadows of the interconnected world of international trade lies a pervasive threat that silently endangers the security of global markets. Financial crimes, with their detrimental effects on stability and integrity, cast a dark cloud over the world economy, threatening the trust upon which international trade relies. From money laundering to terrorist financing, illicit activities can have far-reaching consequences.

A new report by Lloyds Bank shows that UK businesses have an opportunity to flourish through exporting.

In trade finance compliance, getting the details right matters. Regulators around the world, the financial institutions involved and, of course, bank clients, have a keen interest in ensuring that trade transactions do what they are designed to do: ensure timely payment and prevent fraud, all in line with constantly changing international regulations. As that suggests, there is always the potential for a mistake to cost the bank a great deal of money and put a major dent in its reputation. That threat, in turn, can put a lot of pressure on staff.

The International Chamber of Commerce (ICC) has recently concluded the Wave 1 Pilot, a critical step in shaping the future of sustainable trade finance.