GTR eNews: September 14th
Global Trade Review (GTR)
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Top Stories
Going digital: Banks and authorities face shifting TBML threat
The digitalisation of trade and financial services is transforming the threat posed by money laundering criminal organisations, according to a report from EU law enforcement agency Europol.
Russia export credit claims soar, as market pivots towards Europe and North America
The export credit insurance market saw claims jump by more than 700% in Russia last year, as the industry grappled with the fallout of the Ukraine crisis, Berne Union research shows.
Banks report US$1bn of suspected Russian export control evasion
Banks have detected almost US$1bn in transactions suspected to have aided exports from the US to Russia in possible violation of sanctions, the US financial crime enforcement agency says.
ITFA unveils sustainable audit standards initiative
The International Trade and Forfaiting Association has announced plans to set up an independent cross-industry body that will create a set of common audit standards for ESG reporting.
Feature of the week
Connecting the dots: How trusted data can revolutionise supply chains
Although great strides have been made in digitising pockets of trade, the challenge of enabling data flow among stakeholders – from businesses to government agencies – is holding back progress.
Multimedia
GTR Taulia Spotlight: Power of data
In the third episode of the Taulia Spotlight series, we delve into the transformative role of data within financial services, trade and ESG.?
On the move
Other stories
Contributed articles
Open banking: Cannibalising or enabling banks?
Raja Debnath, co-founder and managing director of Veefin Solutions, a supply chain finance and digital lending technology company, explores the various aspects of open banking and its implications for the banking industry.
How new disclosure requirements can strengthen the supply chain finance market
New disclosure requirements for supply chain finance are the latest advance in the journey towards greater transparency and resilience. By providing stakeholders with clearer insights, banks and corporates can help create a more sustainable trade ecosystem.
Inventory optimisation in the tech sector
Supply chain challenges have become priorities for CFOs worldwide. David Rudd and Ian Armstrong, joint heads of origination at Benteler Trading International, explore the complexities faced by the electronics sector and highlight the firm's inventory trading solution.
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