Recent Posts by IIBLP

Sanctions: A Primer

Sanctions Primer IIBLP

In this blog post we will explore the topic of Sanctions in a broad sense, and discuss their impact on trade finance. Additionally we'll look at the available means of remaining complaint with sanctions regimes. At the bottom of this page are key resources...

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ICC Resumes eURC Development and eUCP Update 

IIBLP - ICC resumes digitisationICC Resumes Digitization Process for URC, Update to eUCP

On 3 January 2018, the ICC Banking Commission Executive Committee announced that it would proceed with updating the existing eUCP rules (eUCP Version 1.1, 2007) and drafting new rules addressing electronic...

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UCP600 is Here to Stay – Now What?

UCP600 Revision Off the Table

It is no secret to the trade finance community that the Uniform Customs and Practices (UCP600) won't be revised anytime soon. The ICC Executive Committee released a paper over six months ago detailing the results of votes held with National Committee members in...
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FinCEN to Amp up Info Sharing with Program Launch

FinCEN to Bolster Public-Private Cooperation

Financial Crimes Enforcement Network (FinCEN), a bureau of the United States Department of the Treasury, has taken a major step toward strengthening public-private partnership in efforts to combat financial crime with launch of FinCEN Exchange.

“FinCEN Exchange will bring together...

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eUCP Revision, eURC Process Temporarily Paused

trade finance_LC_Guarantee

November Update on eUCP and eURC

At the ICC Banking Commission meeting in London on 8 November, an update was given on the progress of the ICC Banking Commission’s Digitisation Working Group, including an initiative underway to draft an update of the existing eUCP...

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Back to Back LCs & Money Laundering

trade based money laundering

Back to Back LCs seen as Money Laundering Tool

DCW reports in the current issue that so called "back to back LCs" are increasingly being used in money laundering and terrorist financing schemes. Reporting from a recent AML, Compliance and...
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