ICC Workshop on Importance of Compliance in Trade Finance
6 -7 October, 2018
Deadline for Nominations: Sunday, 30 September 2018
We have the pleasure to inform you that ICC Bangladesh will organize a 2 day ICC Workshop on Importance of Compliance in Trade Finance which will be held in Dhaka on 6-7 October 2018 at The Westin Hotel, Gulshan-2, Dhaka-1212.
Trade Finance products are being used to mitigate the risks by importers and exporters globally. The trade products protect the buyer and the seller against non-payment, delay in delivery of goods and services and other associated risks. Applying Compliance in Trade Finance also will protect the banks from various risks such as Reputational Risk, Operational Risk, Legal Risk and Concentration Risk. Compliance under Trade Finance include: KYC – Know your Customer ; Money Laundering; Sanctions; Dual Goods; PEP – Politically exposed person; Correspondent Banking; Electronic Fund Transfer; Concentration Accounts etc.,
We are pleased to announce that the Workshop will be conducted by Mr. Sudhakar Sanjeevi CDCS, ACAMS, Senior Officer, Internal Control Department, Rakbank, Dubai, UAE. He is a veteran Trade Finance Banker, with distinguished career spanning over 20 years. He began his career in a Financial company dealing with various finance products like Mutual Funds, Life Insurance Products, Postal Investment Schemes, Tax Saving Bonds and Bank Fixed Deposits. After 3 years of obtaining sound knowledge on Financial products he moved into banking career and served in Trade Finance Department of Multinational Bank and local banks. Over the last 10 years he has obtained great knowledge on all Trade Finance Products like Letters of Credit, Bank Guarantees, Collections, Export and Import Payments, Transfer of Letter of Credit, Buyers Credit, Trust Receipts, Document Checking, Bank Reimbursement process etc.
Accordingly, the workshop has been designed for the trade finance officials of Bangladesh Banks, commercial banks, non-banking financial institutions, government officials, corporations, exporters, importers, investment project managers, corporate lawyers, SME entrepreneurs, freight forwarders and other international trade professionals to understand and take guard against the risks involved and how to resolve issues.