Dear Members,

The BIIA Newsletter July I – 2021 Issue is posted on the BIIA home page.  To download the document, please click on this link:  BIIA Newsletter July I – 2021 Issue

You may also be interested in an ever-increasing scope of Trade Based Money Laundering which has become a  Trillion-Dollar problem.  The amount of illicit money laundered through the international trade system is estimated to total hundreds of billions or even trillions of dollars per year.  In a recent article, GTR – Global Trade Review examines the scale of the problem facing the trade finance industry – and the information technology that could help.  For innovative business information companies, a fertile ground for future growth.

Over and under-invoicing is generally understood to be the main way documentary trade finance is exploited as a means of moving illicit funds.  Open account trade transactions present another set of issues for financial institutions. Without oversight of the underlying documentation, identifying suspicious activity based on details of the trade itself becomes impossible. To read the full story, please click here

Late Breaking News:

  • “Credit Information in a Post Pandemic Digital World” By Neil Munroe
  • Refinitiv Survey Reveals True Impact of COVID-19 on Supply Chain Due Diligence
  • APAC Businesses Are Prioritizing Technology-Driven Credit Management Solutions To Navigate A Complex Dual Economy

Member News:

  • BIIA Welcomes GBGroup as a New Member
  • GBGroup Entrusts Team Members to Work ‘When and Where You Want’
  • Diligencia Ranked in the Chambers Crisis and Risk Management Guide 2021
  • LexisNexis Risk Solutions Unveils a Game-Changing Financial Crime Compliance Solution

Industry News:

  • Salesforce.com Committed to South East Asian Expansion
  • Salesforce Announces Opening of Bangkok Office

Blockchain And Financial Crime Compliance:

  • Taking the Fight to Financial Crime with Blockchain Tech
  • What’s New in Blockchain?

Cyber Security News:

  • Bad Cyber Security Behavior At Home Risks Being Taken Back To Work

Credit Bureau News:

  • CIC Issues New Credit Report Pricing Scheme for Financial Institutions
  • News from Experian Malaysia
  • TransUnion Kenya Launches New Consumer Credit Report Tool

We thank our members for their contribution and support.

Best regards
Joachim C Bartels
Managing Director and Editor-in-Chief