Page 43 - Data Controller News Today

Singapore fintech Triterras has disclosed that its previous auditor, Nexia TS, raised doubts over whether its sales transactions or trade receivables were valid.  Triterras, which operates blockchain-based trade finance platform Kratos, says in a filing with the US Securities and Exchange Commission (SEC) that Nexia “had a disagreement with the company on the auditing scope ...

French banking giant Crédit Agricole has lost an attempt to claw back US$23.6mn it lost as part of a fraud perpetrated by collapsed Singapore commodities trader ZenRock. In a judgement handed down in the Singapore International Commercial Court last week, Judge Jeremy Cooke denied the lender’s attempt to force Japanese energy trader PPT Energy to ...

Soaring oil prices are not necessarily good news for large commodity trading houses hoping to replicate last year’s record profits, experts believe.  The international Brent crude benchmark rose above US$88 a barrel this week, its highest level in more than seven years, prompting suggestions it could top US$100 in the coming weeks.  The price surge ...

A planned European Union law requiring large and businesses and financial institutions to conduct human rights and environmental due diligence should also apply to export credit agencies (ECAs), activists say. The European Commission is currently working on a legislative proposal for mandatory due diligence which will require firms to assess the human rights and environmental ...

HSBC has appointed Patricia Gomes as regional head of commercial banking for the Middle East, North Africa and Turkey (Menat). Based in Dubai, Gomes takes over the role from Daniel Howlett, who is currently working with her during the transition process. She joins the Menat business from North America, where she was most recently regional ...

The number of suppliers taking early payment after invoice approval has doubled over the past five years, according to fresh research from supply chain finance (SCF) provider Taulia.  The San Francisco-headquartered fintech says in a paper published this week that 38% of suppliers surveyed currently make monthly use of early payment programmes, up from 19% ...

A trade embargo placed on Mali by the majority of its neighbouring West African countries could affect its vital gold export sector in the coming months should a détente fail to be swiftly reached, analysts say. On January 9, the Economic Community of West African States (Ecowas) imposed sweeping  sanctions on Mali after the country’s ...

Aoife Noonan, pastry chef and culinary consultant, is offering one lucky reader the chance to win a private personalised online class.

Deutsche Bank has closed a lending facility to finance phase two of the Kumasi Market redevelopment project in Ghana, together with the UK Export Finance Agency (UKEF) and African Export-Import Bank (Afreximbank). The €184mn financing to the Republic of Ghana consists of a €145mn loan supported by UKEF and a €39mn commercial loan by Afreximbank. ...

HSBC has appointed Natalie Blyth to the newly created role of global head of commercial banking sustainability, effective immediately. In her new position, Blyth is tasked with driving HSBC’s sustainability plans within commercial banking, in collaboration with group chief sustainability officer Celine Herweijer, who the bank brought in from PwC in February last year. She ...