xmp.iid:7A84372DCD43E41190A8A1DA0B322FFC xmp.iid:009517505F2668118083B31A4DC00EF9 xmp.iid:8084372DCD43E41190A8A1DA0B322FFC nH5qL6TpY6WVv/yKT/mnHwcf80J8fJ/OPzVraDT4BxGm2Mg/4stYX/FkwHT4z0CRqMg/iK6az024 U8Vd/gzyf/1YdN/6Q4P+qeKu/wAGeT/+rDpv/SHB/wBU8Vd/gzyf/wBWHTf+kOD/AKp4q7/Bnk// 2013-05-21T14:14:43-04:00 Key elements on which we focused were: Inadequate control over specific risks
oZhA10C2/mbT0Fa1+RwDQzKnXQQUvnWyj2WFn/2QH8MsHZ8u9ge0Y9yHPn62H/Ho3/Bj/mnH+Tz3 endobj The relevant policies of most banks we examined are of a sufficient standard, but the risk controls based on them are often insufficiently tailored to the actual risks inherent in trade finance. xmp.iid:D92FE7BA0B2068118A6D93A4A0327506 xmp.iid:5C1F834D442768118A6DB8D376C35E81 dx/yx6J/wQ/6q4q707j/AJY9E/4If9VcVd6dx/yx6J/wQ/6q4q707j/lj0T/AIIf9VcVd6dx/wAs The nature of trade finance activities, however, requires the active involvement of multiple parties on both sides of the transaction. PGlSe1MCUt13/jqeXP8AtpSf907UsVd5M/5Q/Qf+2bZ/8mI8VWeYojI8FLO3vKBt7iQRlen2asK4 odOrxG/7dO+KpF6Nr/1bvMP/AA2Ku9G1/wCrd5h/4bFXeja/9W7zD/w2Ku9G1/6t3mH/AIbFXeja When analyzing trade transactions for unusual or suspicious activity, banks should consider obtaining copies of official U.S. or foreign government import and export forms to assess the reliability of documentation provided. For example, an importer may pay a large sum of money from the proceeds of an illegal activity for goods that are essentially worthless and are subsequently discarded. xmp.iid:11699472082068118A6D93A4A0327506 AKq4q79Bzf8AUtr/ANJp/wCquKp/Y+XNItJIruG19G4QVH7x24sRQjdyD1wKjdQT1bGeMw/WeUbD 2013-11-13T13:45:01-05:00 GH+mKo7R9KtJb1WawvbQwUmSSdzwLIy0XFLJriVoIJJkjaZkUsI0+0xHYYFSf/EF9/1Zrv7v7MVd 0deySfXPT3hiVCjKORPGQ7CneoOKsstGvjRbiJFhEUfCT1GaVnK/GJI2iULQ9+Zr7ZJiquoPsckC 2014-04-24T10:32:22-04:00 rtiqVa7/AMdTy5/20pP+6dqWKu8mf8ofoP8A2zbP/kxHiqD81ae17PbsNG/S3BGHP6w0HCp6UVlr 2013-11-05T17:34:23-05:00 OsjEOpZzx+IkSMN/E+OKr4tJ0qCaS5gsreKeZzLLKkSK7yEMpdmC1LUcip8Tiqm+g6HJAbWTTbR4 AAZ5P/6sOm/9IcH/AFTxV3+DPJ//AFYdN/6Q4P8Aqnirv8GeT/8Aqw6b/wBIcH/VPFXf4M8n/wDV 5Q/Qf+2bZ/8AJiPFVfVdYfTHjRbC7vvUBPK1j9QLTs2KoD/Fk3/Vj1T/AKRz/XFXf4sm/wCrHqn/ 2013-11-05T17:36:19-05:00 xmp.iid:F6820AECE12868118A6DB1B2A4271385 xmp.iid:F62A4166122068118C149D6932D6CD8D xfOysTXbhxZdsVSz9MeaP+WjRP8AkbJ/1UxV36Y80f8ALRon/I2T/qpirv0x5o/5aNE/5Gyf9VMV
Illegal proceeds transferred in such transactions thereby appear sanitized and enter the realm of legitimate commerce. U8Vd/gzyf/1YdN/6Q4P+qeKu/wAGeT/+rDpv/SHB/wBU8Vd/gzyf/wBWHTf+kOD/AKp4q7/Bnk// 31 0 obj Ku/QT/8AUpf9Pz/9VMVd+gn/AOpS/wCn5/8Aqpirv0E//Upf9Pz/APVTFXfoJ/8AqUv+n5/+qmKu qLjI2Oj4OUlZaXmJmam5ydnp+So6SlpqeoqaqrrK2ur6/9oADAMBAAIRAxEAPwCbeU/KflW58q6L 2014-04-18T12:53:11-04:00
- What makes the trade finance so attractive for fraudsters and money launderers
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