Trade Finance elements – Trade Compliance 2019

THE VIDEO RECORDINGS INCLUDE SPECIFIC DISCUSSION ON:

The Professor James E. Byrne Memorial Keynote Address ^{( 60 Minutes )}

• Political risk, Trade and Trade Finance
• International Security - Strategic Trade
  

Panel discussion: Top News Stories, Trends and Developments in trade finance compliance ^{( 45 Minutes )}

• KYC: Is the lack of consistency between regulators and practitioners a concern? Are banks doing too little or too much?
• Is over reliance being placed on fintech screening solutions?
• Wolfsberg Group Trade Finance Principles Update: guidance on open account and receivables techniques.

Regulation: De-risking and the impact on trade finance ^{( 20 Minutes )}

• The Impact of Compliance on Banking
• De-risking
• What the papers say …
• The impact of de-risking
• How to solve this problem?

SWIFT KYC registry: correspondent banks and corporates ^{( 20 Minutes )}

• Does the cost of Compliance results in "De-risking"?
• KYC space and the KYC Registry
• User Approved sharing of KYC data
• The KYC Registry for Corporates

Risks to trade finance banks if underlying contracts come into force due to corruption ^{( 10 Minutes )}

• How do we do a compliance check?
• ICC Working group on corruption
• Real life example
• What can you do?

Panel discussion: regulation and the trade finance gap ^{( 45 Minutes )}

• Basel IV (or Basel III extension) remains a concern: but positive news on the capital treatment of credit risk mitigation.
• The impact of the Regulations in the real world

Work of the ICC Financial Crime & Risk Policy Group ^{( 30 Minutes )}

• Current scope of working group
• Achievements to date
• Strategy going forward

Third party providers: are they subject to the same regulatory rigours as banks? Should they be? ^{( 30 Minutes )}

• The Regulatory Background
• Anti money laundering and counter terrorist financing
• Bribery and Corruption Issues
• What has the Late Payment Directive to do with trade finance?
• Trade debt as finance debt – the arguments
• General Data Protection Regulation
• Where are we with Basel III?
• Credit risk mitigation under CRR
• Structuring issues in trade and commodity finance for CRM
• Advantages for NBFIs
• Wolfsberg "challenges" Law Enforcement and Government Agencies
• What about Third Party Providers?

Panel discussion: third party providers – risks and mitigation ^{( 45 Minutes )}

• Banks vs Insurance companies
• Commodity trade finance
• Legal opitions and examples

Free trade zones: risks and implications for financial institutions ^{( 20 Minutes )}

• What is a Free Trade Zone?
• Vulnerabilities of FTZs
• OECD Draft Guidance to Counter Illicit Trade: Enhancing Transparency in FTZs
• AML/CTF Best Practices
• A Tale of Two Approaches
• What Does Risk Look Like?
• Assessing FTZ Integrity: Thinking in Progress

Oil 'ship to ship' transfers and the networks supporting them ^{( 30 Minutes )}

• Project sandstone
• Oil Sanctions: Why?
• North Korean Oil Imports
• Ship-to-ship Transfers
• Maritime Patrol
• Who is responsible?
• Case Study: Vanguard Shipping
• Case Study: Golden Luxury Corp
• Available Resources

Panel discussion: banks and the prevention of organised financial crime ^{( 45 Minutes )}

• Free trade zone
• Ship-to-ship Transfers

How technology can help in the fight against financial crime ^{( 45 Minutes )}

• Proven outcomes: Trade AML in action
• Key Technology Innovations
• The value of entity resolution for Trade
• The value of networks in uncovering hidden risk
• Industry Code Outlier Analysis
• Transaction Cycle Detection
• Social Connection between Parties
• Example network: Network to network concentration
• Case Study AML
• Case Study Fraud

The impact of US and EU sanctions on trade finance activities: analyses of real case studies ^{( 1:30 Hour )}

• Enforcement cases – observations
• Root cause analysis
• Compliance management & organisation
• Real life cases