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compliance

Gunvor raid puts commodity trader compliance back under scrutiny

Swiss prosecutors have raided Gunvor’s Geneva offices as part of a criminal investigation linked to suspected bribery, putting compliance controls at one of the world’s largest commodity traders back under scrutiny. The investigation follows an internal Gunvor probe into an...

#bribery#commodity finance#commodity tradin

FCA warns firms to strengthen sanctions compliance controls

The Financial Conduct Authority has warned financial institutions that sanctions compliance remains an area of significant supervisory focus, as geopolitical…

#compliance#FCA#risk management


Trade investigations create new compliance challenge for exporters and...

Governments are increasingly using trade investigations as a foundation for retaliatory measures, creating a more complex compliance environment for exporters,…

#compliance#exporters#sanctions


UK adds new Russia trade sanctions as import controls...

The UK has introduced a fresh package of trade sanctions against Russia, widening import controls and increasing compliance pressure across…

#compliance#export controls#import controls


Adani to pay $275mn sanctions penalty after Iranian oil...

Adani Enterprises has agreed to pay $275mn to the US Treasury to settle allegations linked to Iranian oil trades, adding…

#Adani#commodity finance#compliance


Canadian export controls expansion raises compliance concerns for manufacturers

Canada is consulting on expanded export controls covering advanced semiconductors and manufacturing technologies, adding fresh compliance pressure for exporters and…

#Canada#compliance#export controls


OFAC targets Iran-linked tankers and shipping firms in fresh...

US authorities have added a fresh group of Iran-linked shipping companies and tankers to the sanctions list, increasing compliance pressure…

#commodity finance#compliance#Iran


US steps up scrutiny on oil trade as sanctions...

US authorities are tightening scrutiny on oil trade flows as concerns grow over sanctions exposure linked to complex global supply…

#commodity finance#compliance#oil trade


UAE trade finance loans linked to alleged $300m Libya...

Allegations that up to $300m in trade finance loans were used to support military operations in Libya are raising serious…

#compliance#financial crime#Libya


ITFA warns AML rules could increase pressure on trade...

The International Trade and Forfaiting Association (ITFA) has warned that evolving anti-money laundering (AML) requirements could place additional pressure on…

#AML#banks#compliance


UAE launches national e-KYC platform to accelerate trade and...

The Central Bank of the UAE has launched a nationwide e-KYC platform, aimed at standardising customer onboarding across banks and…

#compliance#e-KYC#fintech


Trade misinvoicing risk rises across Asia, raising red flags...

Trade misinvoicing is being flagged as increasingly widespread across Asia, with new analysis pointing to a rise in discrepancies in…

#Asia#compliance#fraud risk

Compliance failures and the missed opportunity in e-invoicing

A global study by Basware and Financial Times Longitude reveals that 56 per cent of finance leaders believe compliance failures—particularly…

#Basware#compliance#e-invoicing

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