Plate / GCUSA - Weekly Newsletter - 2/19/2025 - International Banking Laws.
Siva Pillarisetty
Marketing Manager in the USA at Golden Crown USA, Inc. - International Project Funding
International banking laws refer to the regulations and standards that govern banking operations across national borders. These laws aim to:
Key Objectives
1. Prevent money laundering and terrorist financing: International banking laws require banks to implement robust anti-money laundering (AML) and combating the financing of terrorism (CFT) measures.
2. Promote financial stability: Regulations aim to ensure that banks maintain adequate capital, liquidity, and risk management practices to prevent financial crises.
3. Protect consumers and investors: Laws govern banking practices, such as transparency, disclosure, and fair treatment of customers.
4. Facilitate international cooperation: Regulations enable cooperation among countries to prevent tax evasion, corruption, and other financial crimes.
Key International Banking Laws and Regulations
1. Basel Accords: A set of international banking regulations developed by the Basel Committee on Banking Supervision (BCBS).
2. Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) regulations: Implemented by the Financial Action Task Force (FATF).
3. Know-Your-Customer (KYC) regulations: Require banks to verify the identity of customers and assess their risk profile.
4. Foreign Account Tax Compliance Act (FATCA): A US law requiring foreign financial institutions to report on US taxpayers' assets.
5. Common Reporting Standard (CRS): An OECD standard for automatic exchange of financial account information between countries.
Key International Organizations
1. Bank for International Settlements (BIS): A global financial organization that promotes international cooperation and stability.
2. International Monetary Fund (IMF): A global organization that promotes international monetary cooperation and exchange rate stability.
3. Financial Action Task Force (FATF): An inter-governmental organization that develops and promotes policies to combat money laundering and terrorist financing.
4. Basel Committee on Banking Supervision (BCBS): A committee that develops international banking regulations and standards.
Challenges and Trends
1. Digitalization and fintech: The rise of digital banking and fintech companies is transforming the banking industry and creating new regulatory challenges.
2. Cybersecurity: The increasing threat of cyberattacks on banks and financial institutions requires enhanced cybersecurity measures.
3. Sustainable finance: The growing importance of environmental, social, and governance (ESG) considerations in banking and finance.
4. Regulatory fragmentation: The need for international cooperation and consistency in banking regulations to prevent regulatory arbitrage.
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Monetization Financial Instruments
Monetization financial instruments is complex and requires a great deal of experience and skill. In general, between state regulatory processes, compliance with stringent conditions: IMF, central banks, money laundering, compliance, Basel 3 requirements and more.
Contracted to carry out the transfer of the financial instrument is made only through electronic systems for secure banking system (Swift). Any attempt to contract a different way, will then be invalid and flagged as “red lights”. In addition, the law requires to report to the proper authorities.
Legitimate targets of monetizing financial instruments can be used to establish the following examples:
Submission of an application to monetize instruments requires the following:
In case of forged documents or attempted of fraud, our company is obligated by law to notify the authorities, which could result in a criminal investigation as well entry to the blacklist.
The types of financial instruments our company can Monetize are as follows:
The expectation for a Line of Credit is:
Our company can provide a line of credit against the Financial Instrument. The Loan-To-Value (LTV) may be from 60% to 85% of the face value of the instrument, in accordance with the rating bank or issuing financial institution.