Recent Posts by IIBLP

AML Hot Topics for 2019

AML and Compliance KYC

AML Hot Topics to Watch Out for in 2019

At the American Bankers Association/American Bar Association's Financial Crimes Enforcement Conference earlier this week in Maryland, experts discussed the state of anti money laundering and compliance, focusing on pressing issues. Here are a few highlights from...
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Is “LC lite” the future of Commercial LCs?

commercial LC Lite

The Argument for Stripped Down LCs

Have commercial credits become so burdensome and unwieldy that a trimmed down version of the rules governing their practice could streamline the LC process? Could simplified rules and practices perhaps even spark increased use of this traditional (some...

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DCW Honors and Remembers Professor James E. Byrne

On 1 July 2018, IIBLP Founder and Director Professor James (“Jim”) Edward Byrne died after a valiant battle against cancer. The letter of credit community and all who knew and loved him mourn the loss of a great man who left an indelible mark on the...
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Remembering James E. Byrne, Institute Founder and Director

  James E. Byrne Montgomery Village, MD It is with profound sadness that the Institute of International Banking Law & Practice must inform of the death of James (“Jim”) Edward Byrne on 1 July 2018 at his home in Montgomery Village, Maryland, after a valiant battle against cancer. Jim...
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IIBLP Trade Finance Events – Ongoing Discussions

letter of credit, lc, guarantee, trade finance events

Ongoing Topics at the IIBLP Trade Finance Events

The 2018 IIBLP Trade Finance events series is halfway through. With events so far in North America, Dubai, Belgium, and Stockholm, we've seen a myriad of topics discussed in the sphere of...
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SWIFT MT Category 7 Changes: Who’s Ready?

IIBLP_SWIFT update Mandatory SWIFT MT Category 7 changes are fast approaching that will impact letters of credit. Changes to the 700 series for documentary credits will come in November of 2018, and November 2019 for the 760 series (demand guarantees & standby LCs). At last month’s IIBLP Read more