Financial crime risks and trade finance

Regulators and supranational bodies globally have been highlighting the Financial Crime risks associated with trade finance. For example, the most recent thematic review from the FCA on trade finance found that “the majority of banks are not taking adequate measures to mitigate the risk of money laundering and terrorist financing in their trade finance business.

Trade finance is a specialised area within finance like few others. As such, compliance of trade finance requires a detailed understanding of the process and its intricacies. Working with our alliance partners Pole Star, a leading maritime fleet monitoring and risk management solution provider, we have been assessing the risks that trade finance presents to banks and also how our subject matter expertise can assist those involved in trade finance to better manage their risk. 

Click below to download our document summarising the specific Financial Crime risks in trade and the ways in which we are able to help clients to mitigate these risks.

Contact us

Mark Anderson

Forensic Services Partner, Supply Chain Resilience Leader, PwC United Kingdom

Tel: +44 (0)7770 921256

Ben Luddington

Director, PwC United Kingdom

Tel: +44 (0)7764 958062

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