Have you grasped the opportunity to unlock competitive advantage and better manage risk?
Despite a significant proportion of international trade being conducted on 'open account’ terms, firms’ trade-based money laundering (TBML) controls typically focus on transactions supported by traditional trade financing, such as Letters of Credit. This is disproportionate and leaves a gap in the industry’s response to TBML.
We believe it is time for a new approach. One that helps to alleviate the cost and growth pressures that have arisen under the current regime (felt by firms and their corporate customers a-like) and instead:
Download more information about where the risks lie in