Annual Trade Finance Compliance Conference October 20 2022: New York – Overview of the Top News Stories, Trends and Developments in the Industry –

Annual Trade Finance Compliance Conference October 20 2022: New York – Overview of the Top News Stories, Trends and Developments in the Industry –

Annual Trade Finance Compliance Conference October 20 2022: New York – Overview of the Top News Stories, Trends and Developments in the Industry –

DUBLIN–(BUSINESS WIRE)–The « 2022 Annual Trade Finance Compliance Conference » conference has been added to’s offering.

The 2022 Annual Trade Finance Compliance Conference – New York will be held on October 20th at S&P Global’s NY office at 55 Water St. plus virtually via zoom. Please note this event will be held under Chatham House Rules.

Additional Resources

  • The Complete Guide to Trade Based Financial Crime Compliance (softbound + ebook)
  • Certificate in Trade Finance Compliance (CTFC)


8:30-9:00 Registration & Check-In

9:00-9:15 Welcome and Introductory Remarks:

9:15-9:40 The Professor James E. Byrne Memorial Keynote Address: Alan KETLEY Executive Secretariat of The Wolfsberg Group

9:40-10:30 Latest News and identified Trends in Trade and TBFC

Overview of the top news stories, trends and developments.

  • Cryptocurrency: Time to sit at the Big Table
  • Fraud and knowing your customer
  • Wolfsberg-guidance on best practices for correspondent banking RFIs
  • Vessel Monitoring: The Latest + Bangladesh Requirements
  • Increased regulatory focus on AML and FIs
  • How effective are AML regulations?
  • ESG Reporting Requirements
  • Green washing from illegal activities
  • Managing Shipping & Vessel Risks

10:30-11:00 Coffee & Networking Break

11:00-11:45 KYC & Beneficial Ownership: Safe Parties = Safe Transactions

Your sanctions compliance program starts and ends with knowing what is under your customer’s fingernails. New transparency rules prevent hiding beneficial ownership in « data vaults » like Delaware, ensuring you do not run afoul of government SDN lists.

Topics include:

  • Beneficial Ownership and Legal Entity Identifier (GLEIF) use
  • Regulated BO databases-Singapore?
  • Delaware: the blackhole of BO no longer
  • Transactions, pricing and HS Codes
  • Onboarding New Customers: Can we make it easier?
  • Understanding what you should know about your customers and their related companies
  • What do the Wolfsberg principles say about KYC?
  • KYCC-limitations of cross border privacy laws
  • SWIFT KYC Registry: Uptake
  • Supply Chain Finance platform/service providers-onboarding limitations

11:45-12:10 The role of ESG and Compliance

  • Why do Banks care about Environmental and Social Issues
  • Green Finance-opportunities and risks-Greenwashing
  • International ESG Standards and Guidelines
  • Declarations, reporting and regulations
  • Resources, overlap and responsibilities

12:10-12:30 Crypto: The New Frontier

12:30-1:30 Lunch Break

2:15-3:00 Trade Sanctions

  • The Russian/Ukranian Conflict
  • Lack of resources
  • Chinese Miliary Industrial Complex
  • Cambodia and Myanmar
  • Ethiopia and the 50% Rule
  • Supply Chain Due Diligence
  • Chinese Anti-sanction Law

3:00-3:30 Coffee & Networking Break

3:30-4:15 Trade Fraud & Money Laundering

  • AML Act of 2020-No More « Black Hole of Delaware »
  • Data sharing and analytics between countries
  • Multiple Invoice Financing for Goods
  • Complicated STR/SAR filings drive TBML: time for Standards?
  • U.K. « Dear CEO » letter on AML Frameworks and risk assessments
  • Dual Use Goods and Pricing: to report or not to report?

4:15-5:00 Using Technology in your Compliance Programs

There is no escaping the important role that technology can play in supporting Compliance but there is a vast array of products out there.

  • Using AI and BlockChain, ship registry data, and GPS (how to get traction across the universe of customs/ports/shipping)
  • Fintech/Regtech solutions and Cost-Benefit Analysis
  • Big bank v. small bank resourcing
  • Virtual Training for bank’s AML and trade staff
  • Use of technology and waiver of liability: Who takes responsibility? No one . . .
  • Push towards automated document checking (automated AML checking?)
  • Digitalisation of Trade/URDTT

5:00-5:15 Wrap Up, Closing Remarks and Lucky Draw

In closing, we will look at the key takeaways along with a quick Q&A with the Conference Committee.

  • Key takeaways from the Conference
  • Certificate in Trade Finance Compliance (CTFC)
  • The Association of Trade Finance Compliance Professionals
  • Q&A-Conference Committee

For more information about this conference visit


Laura Wood, Senior Press Manager
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