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BDO Fraudtrack reports money laundering surges

Reported money laundering related to fraud offences surges 309pc to GBP288 million. Fraud in Financial Services now accounts for 51% by value of all UK reported fraud... (more…)

#FCA#financial services#frauds

Square 1 Bank expands into receivables financing

Durham-based Square 1 Bank is expanding into accounts-receivable financing. (more…)

#acquisition#bank#insurance


Euler Hermes appoints Commercial Director in UK

Melissa Dowle will be responsible for managing Euler Hermes’ distribution channels. (more…)

#banks#insurance#risk


Raiffeisen to consolidate selected operations of its daughters, including...

Raiffeisen is repositioning itself to reach EUR25 million of annual savings. (more…)

#bank#i#insurance


SME nursing homes to benefit from factoring

New on-line factoring platform for nursing care providers has been launched by SIMS Corporation. (more…)

#factoring platform#financial institutions#insurance


Pacific Basin secures USD51m of ECA financing

Pacific Basin Shipping Limited has finalised the terms of 12-year post-delivery export credit agency (ECA) financing in respect of two…

#bank#insurance#international


VTB develops trade and export financing business

As part of a large-scale project for developing its trade and export financing business, VTB Bank has signed deals worth…

#bank#insurance#management


Euler Hermes UK launches web-portal for brokers

Euler Hermes UK launches new online portal to enhance broker relationships. (more…)

#insurance#trade#trade credit


Coface launches credit insurance in Croatia

After 15 years in the Croatian market, Coface has finally launched its credit insurance activities. (more…)

#exports#insurance#international


GE Factofrance to provide EUR40m factoring facility

GE Factofance signs a three-year Factoring Agreement with a leading global compressors manufacturer. (more…)

#Factofrance#insurance#liquidity


Global steel industry displays greater interest in factoring

With banks cutting loans to the steel industry, the sector turns to factoring to refinance. (more…)

#banks#funding#insurance


Nation's first single short-term export credit insurance launched

PICC issues first single short-term export credit insurance. (more…)

#export credit insurance#insurance

Proposed changes to bankruptcy law to encourage rational distribution...

Key changes proposed in the new Rehabilitation and Bankruptcy Law affect involuntary petitions for bankruptcy, invalidations, trustees' avoidance powers, debtors'…

#bankruptcy#insurance#management

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