At the WTO’s Public Forum in September 2022, helping MSMEs access trade and trade finance, especially during the current economic times, has been one of the top agenda items.

To learn more about how the WTO is putting its weight behind the cause, Trade Finance Global (TFG) spoke with Uruguay’s Ministry of Foreign Relations, Mauro Bruno.

To help combat fraud and provide advice to banks, trade associations, governments, and regulators, the International Chamber of Commerce (ICC) UK, Centre for Digital Trade and Innovation, and MonetaGo have released their latest whitepaper: Shutting fraudsters out of trade.

ICC Trade Register confirms that for larger banks, credit risk in trade, supply chain, and export finance fall back to pre-pandemic levels.

With the expanding use of economic sanctions within and across jurisdictions, lawyers have to consider not just the wording of the relevant economic sanctions but also how regulators will interpret whether certain activity is compliant or not and how courts will reach conclusions.

In late September the pound fell spectacularly from above $1.12 to a new record low of $1.035 versus the US dollar.

It’s true that the dollar had been appreciating for many months, and the pound was one of the most undervalued currencies of the year, but this was news making headlines and front pages around the world, and it was exclusively a domestic problem.

A prominent point of discussion at the International Trade and Forfaiting Association’s (ITFA) 48th Annual International Trade and Forfaiting Conference in Porto has been the digitisation of trade finance––particularly after the challenges COVID-19 caused for a largely paper-based industry.

On 12 October, the UK officially introduced The Electronic Trade Documents Bill into parliament, the next step in a long road to shred the country’s legally imposed reliance on using paper for trade documents. 

Electronic bills of lading have been around since 1999 and yet are rarely used. The experts at sibos weigh in on some of the challenges facing their adoption and offer advice for overcoming them.

The world is run on transactions. And the world of transactions is changing.

The field of cross-border payments is a vast and multi-faceted area, posing multiple challenges for banks, corporates, and businesses daily. With so many nuances within the sector, it can be difficult for market players to reach a unanimously beneficial solution.

Artificial intelligence-based (AI) automation can relieve banks of heavy compliance responsibility, according to Conpend’s new whitepaper ‘Navigating the complex sanctions landscape: letting AI take the strain’. The paper puts forward… read more →