News

Singapore Introduces Blockchain-Based eCO

IIBLP - Singapore Blockchain eCO

The First Blockchain eCO

In another claimed blockchain-related breakthrough, on 9 May 2018 the Singapore International Chamber of Commerce announced it’s become the world’s first chamber to offer a blockchain-based e-Certificate of Origin (eCO) platform to support the digitalization of trade.

The Certificate of...

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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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