TradeSun

Kenya deals with several “grey” listed countries, as specified by the Financial Action Task Force, putting pressure on trade compliance and operational teams.

We are pleased to be co-running a session next week that focuses on trade compliance across the country and brings together experts from Stanbic Bank Kenya, Compliance Society of Kenya, NCBA Group, and The London Institute of Banking & Finance.

Register here: bit.ly/3N8KQFW 🙂

Welcome! You are invited to join a webinar: Emerging trends in trade compliance across Kenya. After registering, you will receive a confirmation email about joining the webinar. As global trade volumes increase, the number of complex trade documents grows, with the typically manual processes used to inspect these documents weighing down banks and companies across Kenya. Additionally, Kenya deals with several “grey” listed countries, as specified by the Financial Action ...

As concerns around sustainability have grown exponentially, the focus on how to measure environmental, social and governance (ESG) risks has swiftly sharpened for the global trade community. 🔎

Only recently, UK regulators warned that companies may face action if they gloss over their climate-related risks, in a signal of how authorities may choose to steer the sustainability agenda for business in coming years, writes Nigel Hook, TradeSun CEO, for Financial IT.

The only way to ensure the transparency of climate – and, more generally, ESG – risks facing businesses involved in and beyond is through thoughtful interpretation of data that enables factual, fastidious, and fair reporting.

For more 👇
bit.ly/3bN3cOs

📢 We were delighted to announce our partnership with Coriolis last week. Read more in The Fintech Times:

TradeSun and Coriolis Launch ESG Scoring of Trade Finance | The Fintech Times TradeSun and Coriolis Technologies have partnered to launch a solution for banks to score their ESG performance across trade transactions.

“Criminal organizations continue to target global trade finance because its complex and siloed nature provides negligible transparency,” writes Nigel Hook, TradeSun CEO.

As the Financial Action Task Force pointed out in a report last week, banks have only a partial view of transactions and see one small piece of what is often a large, complex puzzle, with malign actors exploiting this information gap. 🧩

Read about why “smarter” data sharing that is secure, seamless and anonymous will be the only way to curb illicit activity in trade.👇
bit.ly/3zbFKSD

Regulatory scrutiny of maritime trade and deceptive shipping tactics to evade sanctions have been growing, reports Global Trade Review. 🚢

Nigel Hook, TradeSun CEO, spoke with GTR about tackling illicit activity in maritime trade with technology.

“Because we have access to the transactional data, we know the parties involved in the transaction, the vessel name, the port of loading and discharge, the cargo information and the transaction dates. When you couple this with ship tracking, ownership and sanctions data we can determine if compliance requirements have been met,” he said.

Read more: bit.ly/3P6vhP4

The economic and social benefits of gender-inclusive trade are clear – yet financing and trade gender gaps remain pervasive and stubborn.

Read the latest from the TradeSun team👇

Carving out an equitable ecosystem in trade The economic and social benefits of gender-inclusive trade are clear – yet financing and trade gender gaps remain pervasive and stubborn.