Thursday, May 6, 9:00 - 10:15	view all sessions this time
Banker's	view all sessions this track

709-Current Trends and Practices in Trade Finance, and Certain US Regulatory Concerns

This interactive discussion will take a look at the Trade Finance business from the perspective of sales, compliance and operations. Topics will include the International Chamber of Commerce (ICC) documentary credit rules, the ICC publication No. 600, the ICC Publication No. 590(ISP 98)-which are the rules for Standby Letters of Credits, and a host of other US and international regulatory concerns. The Trade Finance business is more document-based than other areas of banking, making it susceptible to documentary fraud, money laundering, terrorist financing and the circumvention of OFAC sanctions or other prohibitions. Benefit from case studies and learn how to mitigate risks associated with Trade Finance along with implementing new policies and procedures to identify unusual and suspicious transactions.

Learning Objectives:
	Learn how to utilize Documentary (Commercial) as well as Standby Letters of Credits, Back-to-Back and Transferable Letters of Credits.
	Understand today’s US and international regulatory requirements specific to trade finance.
	Create new policies and procedures to identify unusual and suspicious transactions.

John Baranello, Deutsche Bank John Baranello is a Director and the Head of Documentary Trade Product Management for Deutsche Bank’s Global Transaction Banking business in the Americas. His primary responsibilities include the creation and implementation of local and global trade finance related product programs and solutions, trade associated training and marketing, and trade finance related technical and regulatory compliance. He works in conjunction with operations, regulatory compliance, as well as relationship and risk management. John began his banking career in 1977, and has held several positions including the Head of International Trade Operations for Brown Brothers Harriman & Company and International Trade Technical and Regulatory Officer for the former Bankers Trust Company. John is presently the Chairman of the New York / Metropolitan Division of the Bankers’ Association for Finance and Trade - International Financial Services Association (BAFT-IFSA) Documentary Letter of Credit Banking Committee where he has been involved in the review and advisory stages of numerous revisions of the Uniform Customs and Practice for Letters of Credits (UCP) and related topics for the International Chamber of Commerce. He is also a member of the BAFT-IFSA US National Committees for Documentary Letters of Credit and Risk and Regulatory Compliance. Additionally, John is a founding member of the Compliance Professional Resources, LLC, Trade Compliance Committee, and, a former member of the Finance, Credit and International Business (FCIB) and the United States Council for International Business (USCIB). John has appeared in court as a global trade finance expert witness, speaks regularly around the world on issues relating to this industry and is the author of several books and articles on the topic of international trade.