Page 20 - Personal Data Held News Today

Trade finance platform Triterras is seeking to overturn Nasdaq’s decision to delist its securities from the US stock exchange, which was taken after the company repeatedly failed to file audited annual accounts.  The New York-based exchange had informed Triterras on December 10 that trading of its shares would be suspended within 15 days, and that ...

US President Joe Biden has signed into law the Uyghur Forced Labor Prevention Act (UFLPA), preventing businesses importing goods into the US from China’s Xinjiang region, unless they can prove products were not made with forced labour. The UFLPA signed on December 23, presumes that “all goods, wares, articles, and merchandise mined, produced, or manufactured ...

British exporters are urging the country’s export finance agency to reduce its premiums, which they say are out of step with European rivals and risk discouraging UK companies from bidding for contracts.  UK Export Finance (UKEF) typically charges premium rates of 6% to 7%, according to an annual benchmarking report from the British Exporters Association ...

Users of commodities and trade services marketplace TradeHelp will have access to financiers though trade finance marketplace Fineon Exchange, after the two companies announced a partnership. TradeHelp, headquartered in Los Angeles, facilitates commodities and trade deals from pre- to post-trade. Luxembourg-based Fineon provides funders and insurers access to trade finance assets. The companies say the ...

CapBay, a Malaysian multi-bank supply chain finance (SCF) and peer-to-peer (P2P) financing platform, has secured RM30 million (US$7.1mn) from Kenanga Capital Islamic, a subsidiary of Kenanga Investment Bank Berhad (KIBB), which it will use to grow its shariah-compliant SCF arm, CapBay Islamic. “CapBay is thrilled to receive the support from Kenanga and for sharing the ...

A US watchdog has again called for stronger cooperation between government agencies to combat trade-based money laundering, which it says is a “primary mechanism” for criminals to launder dirty money. The US Government Accountability Office (GAO), which conducts government audits at the request of elected officials, says in a report published on December 13 that ...

While global trade volumes have bounced back from the doldrums of last year, 2021 remained a turbulent period for trade and trade finance. Here we have rounded up our most popular articles over the past 12 months, which on the whole reflect the progress made, and the challenges faced by the industry, during this time. ...

SCOR Specialty Insurance has promoted Henry Mumme-Young to global line head of political and credit risk, effective immediately. He replaces Kade Spears, who has left the company. Mumme-Young joined the Channel Syndicate at Lloyd’s of London, part of SCOR’s specialty insurance platform, in 2014 and most recently served as senior underwriter and deputy in SCOR’s ...

Africa Merchant Capital, a boutique private bank, has demerged its trade finance arm following an equity buyout by Zebu Investment Partners (ZIP). The subsidiary, AMCTF, will be led by Anne-Marie Woolley, who has been named CEO. AMCTF is a specialist trade finance business that was founded by the bank in 2016 to provide secure and ...

Australian supply chain finance provider Marketlend is suing its insurer, the Bond & Credit Company (BCC), for A$1.4mn (US$1mn) after it allegedly failed to honour a policy when a Singapore commodities trader went bust. In a document filed in the Federal Court in Sydney on December 14, Marketlend says BCC failed to cover it for ...