Recent Posts by IIBLP

Are Free-Trade Zones a Money Laundering Threat?

Do Free Trade Zones encourage Money Laundering?

In its July 2019 report “on the assessment of the risk of money laundering and terrorist financing affecting the internal market and relating to cross-border activities”, the European Commission identified 47 products and services as potentially vulnerable to money laundering or terrorist financing. Of seven products and services added to...

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Back to the Basics – Types of Standbys & Demand Guarantees

Back to the Basics: Types of Standbys & Demand Guarantees

Trade finance is complex. For bankers, lawyers, import/exporters, and corporates, the sheer volume of terminology in trade finance can be overwhelming, especially to those new in the field. Setting aside for a moment...
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ICC Approves eUCP 2.0 and eURC

eUCP and eURC go into effect this summer

Voting ICC National Committees Overwhelmingly Approve Revised eUCP, eURC.

During last week’s 2019 ICC Banking Commission Annual Meeting in Beijing, the ICC announced on 11 April that its National Committees have voted to approve final text of an eUCP revision...
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2019 Calendar of Events

The dates and details are in for much of IIBLP's 2019 calendar of events. As ever, we will be in multiple countries this year working to bring together local and global thought leaders in commercial and standby letters of credit and trade finance. Mark your calendar now,...
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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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